Oil falls 4% on US-Iran tensions

Oil prices fell by more than 4% to their lowest level in a week, amid cautious hopes of reaching a solution to the war between Iran, Israel, and the United States. Brent crude dropped to $84.56 per barrel, while West Texas Intermediate declined to $79.24. This comes amidst market assessments of the rapidly evolving developments in the Middle East and their impact on oil supplies and regional tensions.

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