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Commodities

US-Iran Tensions Ease, Oil Prices Dip

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

The decline came as oil prices had risen to a two-month high last week, sparking concerns about potential supply disruptions in the region.

New York-based traders pointed out that the pause in hostilities between the US and Iran led to a decrease in market anxiety, resulting in lower oil prices.

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