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Oil prices fall amid Iran sanctions news
Oil prices declined by more than a dollar per barrel today, as investors await the announcement of new American sanctions on Iran and their impact on oil supply flows in the Middle East. Brent crude dropped to $93.23 per barrel, while West Texas Intermediate fell to $85.51, despite having risen by over 5% last week. It is expected that Brent prices will reach $100 in the fourth quarter due to ongoing supply disruptions and increased sanctions on Tehran.
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