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Oil prices fell to their lowest levels in weeks after the Hormuz Strait talks, which had raised expectations of rising prices, failed to meet those expectations, leading to a market decline. In another development, the Omani weather authority issued a warning about ongoing thunderstorms and hail, with forecasts indicating deteriorating weather conditions. Additionally, six Chinese nationals were reported dead in a tragic fire that targeted one of the largest gas complexes in eastern Russia, an incident that has had a significant impact on the energy sector.
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