Oil prices decline roughly 1 percent
Oil prices declined for the third consecutive session amid expectations of progress in the indirect talks between the United States and Iran in Qatar, which made positive advances on the issues of navigation security and the future of frozen Iranian assets. Brent crude fell by 1.06% to $70.81, while West Texas U.S. crude dropped by 1.15% to $67.79, despite increasing regional tensions and military exchanges between Washington and Iran. There are still no clear signs of reaching a final agreement.
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