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Futures Movers: Oil prices fall on U.S.-China trade spat, but settle off lows as U.S.-Iran tensions worsen

Crude-oil prices fell Tuesday, but settled off the session’s worst levels as increasing tensions between the U.S. and Iran and the threat of disruptions to supplies in the Middle East helped to offset worries that a protracted trade conflict between the U.S. and China will hurt energy demand.

The U.S. will deploy four B-52 bombers to the Middle East, in response to what the Trump administration said are threats of a possible attack by Iran on American troops in the region, according to a report Tuesday from CBS News.

The report “changed traders’ focus from trade war worries to real war worries,” Phil Flynn, senior market analyst at Price Futures Group told MarketWatch.

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