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Oil dips after Trump signals Iran talks
Oil prices declined after U.S. President Donald Trump announced the resumption of talks with Iran, following the cancellation of a planned military strike against it. West Texas Intermediate crude fell by more than 7%, reaching around $79 per barrel, while Brent crude dropped by 4.6% to $83.91. The U.S. government conditionally agreed to reopen the Strait of Hormuz for negotiations, while Gulf countries continue to seek alternative export routes. Turkey and Iraq confirmed the extension of their oil pipeline, and European natural gas prices were temporarily affected.
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