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Commodities

US-Iran Pause Sparks Oil Price Decline

Guavy AI Editorial Team
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Oil
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Oil prices eased in early trading on Sunday after the United States and Iran refrained from launching military strikes in the Persian Gulf for a second straight day.

The price of Brent crude oil to be delivered in September dropped by 4.9% to $92.02 shortly after trading resumed, following a 3.9% drop on Friday.

This decline comes after a two-month high set last week, with the United States and Iran pausing their attacks in the region.

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