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Brent Crude Slips on Mideast Diplomatic Progress and Easing Iran Tensions

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The Story

News Summary

  • Brent crude fell toward $87 on diplomatic progress in the Middle East, including an Iran-Oman deal on the Strait of Hormuz.
  • Easing US sanctions on Iran and rising supply through the strait added pressure, though potential escalation in Ukraine offers slight support.
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BRENT price history

102.32 +57.61% over the displayed period

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