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Oil Falls on Optimism for US-Iran Deal, Yen Gains: Markets Wrap

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

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Oil Falls on Optimism for US-Iran Deal, Yen Gains: Markets Wrap

Trump said US-Iran talks restart Monday; Brent fell 7.3% to $81.55 on Hormuz strait hopes, easing inflation fears. De-escalation lifts tech, but Asian chips (Samsung, SK Hynix -8%) tumbled amid AI competition: DeepSeek, Alibaba vie for dominance.

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