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Oil Declines on Iran Deal Optimism, Yen in Focus: Markets Wrap

(Bloomberg) -- Oil dropped and US equity-index futures rose after President Donald Trump said fresh US-Iran talks would begin Monday, boosting optimism the two sides could reach a deal to reopen the Strait of Hormuz.

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Oil Falls on Iran Deal Optimism, Yen Strengthens: Markets Wrap

Trump signals Iran deal on Strait of Hormuz; Brent crude fell 7.3%, 10-year yield hit 4.69%. Oil decline eases inflation pressure on tech budgets; Korean chipmakers tumbled 7% while Chinese AI vendors gain momentum reshaping semiconductor competition.

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