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Oil Plunges on Iran Deal Hopes as US Stocks Hit Record Highs

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Oil prices dropped sharply on hopes of an Iran-US deal reopening the Strait of Hormuz, lifting FTSE 100 and boosting metals.
  • US indices hit record highs while BP beat earnings despite falling oil prices weighing on energy majors.
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