Oil drops below $91 on US-Iran talks
Oil prices have declined significantly, with Brent crude dropping below $91 to approximately $90.99, and West Texas Intermediate falling to $87.65, amid relief that a peace agreement between the United States and Iran may be near. Prices had previously surged by 5% following Israeli airstrikes on Iran, but then eased after Trump's statements denying any final negotiations and suggesting that the Strait of Hormuz could be reopened within days.
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