1 Day
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الاقتصادية
Oil falls over 3% on Iran optimism
Oil prices declined by more than 3%, with West Texas Intermediate closing at $93.04 per barrel and Brent at $95.20. This follows reports of a possible agreement between Israel and Lebanon to ceasefire and expectations of calming tensions in the Middle East, which reduced concerns about disruptions to oil supplies. Nevertheless, Iranian supplies remain weak, as their exports have fallen to their lowest level in six years due to sanctions and unrest in the Strait of Hormuz.
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