Oil Prices Fall on U.S.-Iran Diplomacy Hopes – WSJ
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Geopolitical risk premiums vanish fast when diplomacy whispers start. Markets are betting de-escalation outweighs Middle East supply threats for now.
Geopolitical risk premiums vanish fast when diplomacy whispers start. Markets are betting de-escalation outweighs Middle East supply threats for now.
Crude oil prices declined as supply concerns eased following potential diplomatic progress between the U.S. and Iran, alongside the reopening of Saudi Arabia's East-West Pipeline.
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