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Oil drops amid US-Iran deal
Oil prices declined after reports of a tentative deal between the US and Iran, including plans to lift sanctions and remove restrictions on Iran’s ports and the Strait of Hormuz. Brent crude dropped to about $84 a barrel, its lowest since early March, but analysts warn that ongoing disruptions, including damaged Middle Eastern oil infrastructure, could keep prices elevated. Experts predict potential surges to mid- or high-$100s if supply resumption is delayed, with current US gas prices averaging $4.07 per gallon.
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