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Oil prices fell to their lowest levels in two weeks, with Brent crude dropping 4.55% to $98.83 per barrel, and West Texas Intermediate down 4.73% to $92.03. This decline occurred amid optimism that the United States and Iran might reach a peace agreement involving the opening of the Strait of Hormuz and the resumption of oil exports, despite ongoing disagreements over key issues such as the blockade of the strait.
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