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Dollar drifts lower
The dollar fell against major currencies on Monday as hopes of a deal to reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even as the US and Iran played down the chances of reaching an agreement soon.
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scmp.com
Crude oil drops as US inches towards Iran deal to reopen Strait of Hormuz
The strait – which links the region to world markets – has been subject to a double blockade, with curbs imposed by both Iran and the US.
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oilprice.com
Oil Prices Plunge Below $100 on Iran Deal Optimism | OilPrice.com
Oil prices fell sharply as traders priced in growing hopes that a U.S.-Iran deal could reopen the Strait of Hormuz and ease the global supply shock.
