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Oil drops on US-Iran pact worries

Oil drops on US-Iran pact worries

Oil prices fell today, Tuesday, to their lowest levels since March. Brent contracts declined by 0.3% to reach $82.92 per barrel, while West Texas Intermediate dropped by 0.12% to $80.65. This follows a nearly 5% decrease on Monday, driven by market concerns over the lack of sufficient details in the initial agreement between the United States and Iran to end the war, along with heightened tensions related to the Strait of Hormuz.

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