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Oil tumbles as Trump cancels attack on Iran to reach nuclear deal

Oil prices dropped significantly on Monday after President Trump paused new Iran attacks. He seeks a swift agreement to halt Tehran's nuclear program and reopen the Strait of Hormuz. This move follows a month of over twenty percent price jumps due to renewed conflict. OPEC+ approved an oil production increase, but market impact remains limited. Shipping data shows reduced traffic in the Strait of Hormuz after recent incidents.

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Economic TimesLean R·2h ago
Oil tumbles as Trump cancels attack on Iran to reach nuclear deal
Oil prices dropped significantly on Monday after President Trump paused new Iran attacks. He seeks a swift agreement to halt Tehran's nuclear program and reopen the Strait of Hormuz. This move follows a month of over twenty percent price jumps due to renewed conflict. OPEC+ approved an oil production increase, but market impact remains limited. Shipping data shows reduced traffic in the Strait of Hormuz after recent incidents.
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Oil tumbles as Trump cancels attack on Iran to reach nuclear deal

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Oil tumbles as Trump cancels attack on Iran to reach nuclear deal

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