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Brent crude fell 5.9% to $92.57 on Monday amid growing expectations of U.S.-Iran diplomacy.
According to Al Jazeera citing AFP, Brent crude fell 5.9% on Monday to $92.57 per barrel. The report linked the pullback in oil prices to expectations of US-Iran diplomatic negotiations: Donald Trump downplayed the possibility of striking Iran again, boosting market hopes that both sides could resolve the conflict through talks. These remarks do not yet mean that a deal has been reached between the US and Iran.
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