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شبكة فلسطين الإخبارية
Oil prices fall over 5 percent amid US-Iran talks revival
Oil prices today Monday experienced a significant decline of over 5%, with Brent crude dropping to $91.08 per barrel and US West Texas Intermediate falling to $84.19. This comes amid investor optimism about the possibility of resuming negotiations between the United States and Iran after American airstrikes on Iran were halted for two consecutive nights. The situation is further clarified by statements from the U.S. Deputy Secretary of State indicating that President Donald Trump is giving negotiations with Iran a chance, with ongoing communications and the potential for escalation if necessary. It is also expected that a ceasefire could be reached to ensure the continued navigation through the Strait of Hormuz, through which about one-fifth of the world's oil supplies pass. This is occurring amidst rising regional tensions and sanctions imposed by the Houthis on ships in the Red Sea and the Gulf of Aden.
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