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Oil falls amid Iran risks
Oil prices fell over the week, with Brent crude losing more than 16% to close at $98.32 a barrel and U.S. crude dropping about 13% to $90.83, amid hopes for a diplomatic breakthrough in the conflict involving Iran. But further attacks on tankers in the Strait of Hormuz kept supply risks in play. The head of Rapidan Energy put the odds of military operations resuming at 80%, warning that prices could climb back above $100 a barrel.
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