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Oil Drops on Iran Talks
Oil prices fell by more than 3% on Monday amid optimism over Iranian-Qatari talks entering their third day, aimed at reaching a deal to end the U.S.-Israeli war on Iran. Brent crude fell 3.2% to $109.75 a barrel, while West Texas Intermediate dropped 3.3% to $100.69, as markets watched for the possibility that hostilities could escalate again after the U.S. midterm elections.
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