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  الكتائب اللبنانية
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الكتائب اللبنانية

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  الكتائب اللبنانية

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Oil falls as Iran and Israel cease hostilities

Oil falls as Iran and Israel cease hostilities

Oil prices declined following Iran and Israel's announcement to halt the exchange of attacks, despite ongoing concerns about a potential escalation of clashes. Brent crude fell by 1% to reach $93.34 per barrel, while West Texas Intermediate dropped by 1.2% to $90.17. Previously, oil had risen by up to 5% during the last trading session after renewed strikes in the region, but the market remains cautious about how committed the parties are to a ceasefire amid persistent geopolitical tensions.

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