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Oil prices held steady in the international market on Tuesday, torn by US sanctions and a renewed US-China trade war. Brent crude oil futures dropped to $71.16 per barrel. U.S. West Texas Intermediate (WTI) crude futures rose to $62.29 per barrel. Tightening sanctions on Iran and Venezuela has left oil exports from the countries in turmoil. Yesterday, the US confirmed about boosting its military presence in the Middle East.