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Oil Prices Dip After Trump Signals Pause in Iran Military Action

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Oil prices fell following remarks from US President Donald Trump about possible military action against Iran. Trump reportedly postponed planned strikes but said the naval blockade in the Strait of Hormuz will remain in place. Separately, Opec oil output rose in October, driven by higher production from Saudi Arabia, Kuwait, and Iraq. Russian and Ukrainian officials also held peace talks aimed at ending their ongoing conflict.

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Oil Prices Dip After Trump Signals Pause in Iran Military Action · ShortSingh