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Peace deal impacts oil prices amid uncertainty
Published 1 week, 4 days ago
Description
A peace deal has caused oil prices to drop to a two-month low, though relief at the petrol pump will be delayed due to tanker backlogs and the return of normal fuel excise. Disputes remain over frozen Iranian assets worth 12 billion US dollars, with 60 days of further talks planned on Iran's nuclear program and sanctions. Potential obstacles include Benjamin Netanyahu's position, Israel's attacks on Hezbollah in Lebanon, and opposition from hardline elements in Tehran.
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