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Oil prices significantly declined after talks between the United States and Iran stalled regarding the peace agreement and the reopening of the Strait of Hormuz, amid Trump’s demands for compensation from Tehran for damages caused by recent attacks. This led to Brent crude futures rising to $88.09 and U.S. crude to $82.52, the highest levels since late July, raising inflation concerns and impacting the stock market and currencies, particularly with the yen weakening to 159 yen per dollar.
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