US-Iran deal hopes push oil prices below $100 a barrel
Oil prices slipped below $100 a barrel on Monday on hopes of a deal between the US and Iran, after President Donald Trump said the Strait of Hormuz blockade would stay in place until an agreement is sealed. Brent, the benchmark for two thirds of the world's oil, fell 5.55 per cent to settle at $97.7
AI Translated Summary:
Oil prices have dropped below $100 a barrel due to optimism surrounding a potential US-Iran deal. The ongoing blockade in the Strait of Hormuz remains a critical factor influencing market dynamics.
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