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Oil prices fell today, Thursday, September 24, 2026, after rising four percent in the previous session, amid indications of ongoing diplomatic efforts between Iran and the United States to end the war. Discussions focused on lifting the maritime blockade of Iranian ports and reopening the Strait of Hormuz, as Tehran considers Washington's response to its proposals. An Iranian official confirmed that the strait would only be reopened if their conditions are met. Meanwhile, the U.S. Secretary of State indicated that reaching an agreement would require time and effort, with military options still on the table.
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