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WTI Oil Price Slips on US-Iran Deal Hopes Amid Escalating Regional Tensions

Guavy AI Editorial Team
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The West Texas Intermediate (WTI) oil price has dropped to near $92.50 due to potential US-Iran deal talks.

Despite these negotiations, both nations have maintained firm positions: Iran insists on controlling the Strait of Hormuz and wants the US to ease military pressure and lift port blockades.

A White House official stated that President Donald Trump remains open to discussions but emphasizes the US feels little pressure to negotiate given its strong position following sanctions.

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