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Brent Crude Slumps to $79.2 as Iran Peace Progress Boosts Supply

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The Story

News Summary

  • Brent crude fell to $79.2 per barrel amid progress in US-Iran talks and easing Middle East tensions.
  • A 60-day diplomatic roadmap and rising Iranian exports through the Strait of Hormuz indicate recovering global supply, pushing prices to multi-month lows.
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BRENT price history

107.77 +66.00% over the displayed period

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