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المشهد العربي
Oil prices rebound as Hormuz talks induce caution
The article discussed the oil market's conclusions regarding compensation for losses amid concerns over the outcomes of Iran and Oman's discussions about restoring oil flow through the Strait of Hormuz. U.S. President Donald Trump hinted at an imminent agreement to reopen the strait, but officials expressed their rejection of Iran's role in controlling vital global energy regions. The market referenced a provisional memorandum of understanding from June, raising fears that any new agreement might be fragile, which led to a surge in oil prices, with Brent crude reaching $80.25 per barrel and Nymex crude rising to $75.80.
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