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المشهد
Oil holds above $100 amid Hormuz outlook
Oil prices remain buoyant above $100 for Brent crude, despite suffering losses of over 5% last week, reaching today $103. Meanwhile, U.S. light crude is trading at $96. Markets are expected to open negatively tomorrow on positive news regarding negotiations for an agreement with Iran and the reopening of the Strait of Hormuz, although the Iranian Fars Agency has denied reports of a final understanding. Reports suggest that the deal may include Iran committing to abandon highly enriched uranium, with discussions continuing over the details.
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