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Oil Prices Dip as Iran Deal Hopes Fade

Oil prices dip as hopes for Iranian nuclear deal revival fade. The White House rejected temporary terms, but rising Saudi exports and easing Strait of Hormuz concerns limit the downside.

Oil Sinks Below $80 as Iran Deal Hopes Rise

Oil prices fell below $80 for the first time since July, driven by potential progress toward an Iran nuclear deal, which could ease supply concerns and increase global crude availability.