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Trump's Diplomacy Gambit Sends Oil Prices Tumbling Below $95.5

Guavy AI Editorial Team
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Crude oil prices continued their downward trend on Monday, falling below $95.5 per barrel for the fourth consecutive day.

The decline was attributed to US President Trump's decision not to bomb Yemen at this time and his openness to diplomacy with Iran.

Trump reportedly rejected calls from Saudi Arabia to strike the Houthis and indicated he would be open to meeting Iranian President Masoud Pezeshkian during the UN General Assembly in New York.

In a sign of resilience, Middle East crude exports remained steady despite Saudi Arabia's closure of its East-West pipeline following attacks.

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