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Oil drops to four-month lows amid US-Iran talks
Global oil prices have fallen to their lowest levels in about four months, with Brent crude reaching approximately $70.9 per barrel. This decline follows indications of improvement in indirect talks between the United States and Iran, which boosted expectations of stable supplies and eased fears of disruptions in energy markets. Investors are closely monitoring US employment data and its impact on interest rate policies, amid expectations that geopolitical tensions will continue to exert pressure on oil prices.
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