Currencies respond to peace talks
The dollar stabilized after the first round of negotiations between the United States and Iran, during which they agreed on a plan to reach a final agreement within 60 days, with consensus on mechanisms to end fighting in Lebanon and ensure the safe passage of ships through the Strait of Hormuz. Oil prices fell by more than 1% following the announcement, with Brent crude reaching $79.36 per barrel, as markets reflected pressure resulting from political and economic developments worldwide.
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