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Global oil prices fall as Brent drops to $96
There are no definitive signs of a return to war or the signing of a new deal between Washington and Tehran, despite the increasing tension in the Strait of Hormuz, which is costing the global economy more and adding pressure to the options available to the United States. Tehran has conditioned the release of its frozen assets and the reopening of navigation in the Gulf as part of any potential agreement, while the escalation is imposing economic and political repercussions on both parties.
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