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Oil drops 20% from 2026 peak on optimism over U.S.-Iran ceasefire talks
Global oil prices have retreated sharply amid hopes that a lasting Middle East ceasefire can unlock the Strait of Hormuz.
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oilprice.com
Oil Prices Fall as Traders Bet on U.S.-Iran Deal | OilPrice.com
Oil prices fell as traders focused on hopes for a U.S.-Iran deal despite continued hostilities, tight inventories, and the effective closure of the Strait of Hormuz.
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benzinga.com
Oil Prices Sink On Iran Truce Optimism— But Wall Street Warns Hormuz Crisis Is Far From Over
Oil prices moved lower on Wednesday as investors weighed the prospect of a U.S.-Iran agreement that could restore shipping through the Strait of Hormuz.
