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الشارقة 24
Oil drops following US-Iran talks
Oil prices declined today, Monday, following talks between the United States and Iran in Switzerland. Tehran announced that it had obtained exemptions for its oil and petrochemical exports, alleviating concerns about supply shortages. Brent crude fell by 1.90%, reaching $79.04 per barrel, while West Texas Intermediate futures dropped to $76.53. Officials from both countries participated in the first round of talks, during which an extension of the ceasefire—threatened since April—was agreed upon.
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