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Commodities

Trump's Diplomatic Hopes Boost Oil Prices, But Uncertainty Remains

Guavy AI Editorial Team
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Oil prices fell on Wednesday as Saudi Arabia began restoring crude flows through a key pipeline to the Red Sea, while hopes of a diplomatic breakthrough in the US-Iran war grew ahead of talks at the United Nations in New York.

The moves came after US President Donald Trump warned that he could 'annihilate' Iran, while also saying his envoys had held productive discussions with Iranian mediators aimed at ending the war.

Crude oil prices declined on September 23: Brent crude futures fell by 7 cents to $99.18 a barrel, while West Texas Intermediate futures decreased by 35 cents to $90.17 a barrel.

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