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Energy stocks fall on easing tensions
Global oil and gas company stocks declined today after last week's losses in oil prices, amid hopes of easing tensions in the Middle East and diplomatic developments between the United States and Iran. The drop in crude prices put pressure on energy company shares, especially in Japan and Europe, with major firms like BP, Shell, and Eni falling, helping to ease concerns over inflation related to energy costs. However, markets remain cautious due to the lack of a final agreement regarding the Strait of Hormuz.
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