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    Oil Prices Hit One-Week Low Amid US-Iran Pause

    7 hours ago

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    Oil prices fell 7% today, reaching a one-week low after the US and Iran paused military strikes over the weekend. This pause raises hopes for a diplomatic resolution to the ongoing conflict, which has affected oil shipments through the Strait of Hormuz. Brent crude futures dropped to $89.23 a barrel, while US West Texas Intermediate crude fell to $83.30.
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