Oil drops as gold and dollar hold steady
Global oil prices have declined following Saudi Arabia's restart of the East-West pipeline to the Red Sea, amid hopes for diplomatic progress between the United States and Iran to end the war through talks in New York. Brent crude dropped to $99.18 per barrel, while West Texas Intermediate fell to $90.17. Gold prices remained steady near $4,357 an ounce as markets await global interest rate policies, and the US dollar maintained its highest level in two months at 100.56 points amid a climate of anticipation and geopolitical tensions.
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