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Oil Prices Drop as Israel-Iran Tensions Ease

Published 2 days, 18 hours ago
Description

Oil prices plummeted on Monday as hopes for a swift resolution to Israel-Iran tensions eased supply concerns, pushing Brent crude down 0.9% and WTI by 0.8%. The drop was also influenced by a stronger U.S. dollar and slowing U.S. business activity, with all eyes on regional updates.

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