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Oil Prices Hold as Iran Talks Stall | Business and Finance News
Description
Oil prices ticked up slightly amid swirling speculation about U.S.-Iran talks in Qatar, but analysts warn the market is mistaking a fragile ceasefire for stability—after a temporary truce paused fighting near the vital Strait of Hormuz, where 20% of global oil flows pass. With Brent down 20% this month and traders caught between conflicting statements from Washington and Tehran, experts say lasting peace is far from guaranteed, and the real negotiations may be delayed indefinitely.
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