Brent crude slips over $1 as Trump signals new US strikes on Iran may be unlikely

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Oil prices fell on Monday, with Brent crude dropping by more than a dollar a barrel. The decline followed remarks from Donald Trump about military options against Iran. He indicated that further strikes would probably be avoided if negotiations succeed. Market worries persist, however, over possible disruptions to shipping through the Strait of Hormuz. Such disruptions could still strain global crude supplies.

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