Oil dips as US-Iran tensions pause

Oil prices declined significantly after a pause in US-Iran hostilities, with Brent futures dropping 11.3% and US crude decreasing around 7%. The US halted strikes on Iran at Tehran's request, warning they could resume without a new ceasefire. Meanwhile, diplomatic efforts continue, with upcoming meetings between Israeli and Lebanese officials in Rome and high-level talks in Washington involving Trump, Zelensky, and Netanyahu focused on regional conflicts and peace initiatives.

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