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Oil Prices Sink Over 8% as US-Iran Pause Fighting
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Oil prices have plunged over 8% as fighting between the US and Iran has paused, easing supply fears and boosting investor confidence.
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Oil Prices Sink Over 8% as US-Iran Pause Fighting
Oil prices have plunged over 8% as fighting between the US and Iran has paused, easing supply fears and boosting investor confidence. The pause in fighting has raised hopes that tensions in the Middle East could ease, leading to an improvement in energy supplies from the region. Despite the calm, shipping routes in the Gulf remain a concern, with investors watching the situation closely.
Oil prices fall 5%: Crude cools as US-Iran pause fuels hopes of diplomatic breakthrough
The US says attacks on Iran have been halted to give "talks some space", raising hopes of a resolution to the conflict.
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