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Commodities

Oil Prices Slide Below $82 Amid Trump-Iran Talks

Guavy AI Editorial Team
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Oil
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Oil prices fell below $82 a barrel after President Donald Trump said the US was engaged in 'good talks' with Iran, easing concerns about Middle East supply disruptions.

The decline follows nearly two weeks of fighting between the US and Iran, which had raised fears of reduced oil shipments through the Strait of Hormuz, a key energy transit route.

The Caspian Pipeline Consortium terminal on Russia's Black Sea coast, a major outlet for Kazakh oil, resumed crude exports after disruptions caused by Ukrainian drone attacks.

The US dollar held near a one-month high as investors assessed the possibility of a Federal Reserve interest rate increase at its upcoming meeting.

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