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Oil drops almost 4% on hopes of progress in talks on ending U.S.-Iran war
Source: The Globe and Mail
Geopolitics & WarEnergy Markets & PricesCommodities & Raw Materials
Oil fell nearly 4% on Monday after talks between Iranian and Qatari officials on a deal to end the U.S.-Israeli war on Iran raised hopes that Middle East supply disruptions could ease. The report links the decline to prospects for reduced supply risk; it gives no specific oil benchmark or deal outcome.
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