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Brent Crude Slips to $72 as Markets Eye US-Iran Diplomatic Talks

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Oil prices declined as investors monitored the prospect of US-Iran negotiations scheduled to take place in Doha. Regional tensions persist, with recent missile exchanges and attacks on shipping vessels continuing to unsettle markets. Despite the instability, crude shipments through the critical Strait of Hormuz have actually increased. Investors remain cautiously hopeful about diplomatic progress, though concrete signs of de-escalation have yet to emerge. Analysts believe Gulf oil flows are gradually recovering and may soon return to pre-conflict levels.

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Brent Crude Slips to $72 as Markets Eye US-Iran Diplomatic Talks · ShortSingh