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Oil Prices Ease as US-Iran Talks Offer Hope Despite Saudi Pipeline Attacks

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Oil prices declined modestly after a volatile week driven by geopolitical tensions and supply concerns in the Middle East. WTI crude fell to $93.52 per barrel, while Brent crude dropped to $105.80. Diplomatic negotiations are underway to address the ongoing Middle East conflict, which has significantly disrupted global energy supplies. Military activity targeting infrastructure in Saudi Arabia has added further pressure on supply outlooks. The persistent regional instability continues to weigh heavily on international oil markets.

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