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Market Impact: 0.55
Oil extends gains on little sign of progress in U.S.-Iran talks
Source: The Globe and Mail
Energy Markets & PricesGeopolitics & WarTrade Policy & Supply Chain
Oil prices rose more than 2% as US-Iran diplomatic talks showed little progress, sustaining geopolitical supply-risk concerns. Investors also weighed uncertainty over a potential US ban on diesel exports, which could disrupt refined-products trade flows and tighten fuel availability in overseas markets.
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