Asian oil prices fall after sharp rise

Oil prices in Asia declined today after a significant rise yesterday, amid uncertainty surrounding the peace talks between the United States and Iran and their potential impact on Gulf supplies. Brent crude fell to around $94.2 per barrel, and West Texas Intermediate dropped to approximately $91.2, after reaching notable increases of 4.2% yesterday due to news of Iran freezing talks and protesting Israeli attacks on Lebanon. The prices then retreated as negotiations between Washington and Tehran continued.

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