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Brent climbs to $79.43 as traders weigh durability of US-Iran peace deal
Oil prices edged higher as investors assessed the implications of a potential U.S.-Iran peace deal and the reopening of the Strait of Hormuz. While an interim agreement was announced, details remain scarce, and a full return to pre-war production levels is expected to take considerable time, adding to market uncertainty.
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dawn.com
Oil prices slip to their lowest since March as US, Iran reach preliminary agreement to reopen Hormuz
Brent crude futures falls $4.08 to $83.25 a barrel and US West Texas Intermediate falls $4.35 to $80.53.
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al-monitor.com
Oil falls to $80 as markets rally on Iran-US peace deal: What to know
Brent crude, the international benchmark for oil prices, hit $80.41 at 6:46 a.m. EDT on Monday.
