Oil falls amid US-Iran talks
Oil prices continue to decline as markets await the results of American-Iranian talks aimed at ending tensions and resuming navigation through the Strait of Hormuz. The futures price of Brent crude has fallen to $78.44 per barrel, a decrease of nearly 1.2% and more than 12% since the start of the week. Similarly, the U.S. West Texas Intermediate futures have dropped to $74.70, down by 1.4%, with the market losing over 11% since the beginning of the week.
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