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Oil falls amid stalled US-Iran talks
Oil prices slightly declined after recording their biggest gains in nearly a month, amid uncertainty surrounding the course of U.S.-Iran negotiations and concerns over continued energy supply restrictions from the Gulf. Brent crude traded near $94 a barrel after increasing by 4.2%, while West Texas Intermediate remained steady around $91. The halt in negotiations with Tehran and threats to close the Strait of Hormuz have raised fears about global oil flows, especially as tensions in Lebanon and the Middle East intensify.
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