Oil falls on US-Iran deal prospects
The dollar weakened as the attacks between America and Iran ceased, while the price of oil surged by more than 3% amid renewed escalation between the two countries in the Middle East. Oil rose by over 2%, surpassing 10% in the context of escalating tensions. These developments also resulted in the killing of 12 people and multiple injuries in ongoing airstrikes on Gaza. Meanwhile, the occupation took advantage of the deconsolidation decisions at UNRWA to dismiss employees, amid heightened security conditions.
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