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The Nexus
POLITICSMay 24 · 23:16 UTCSCMP CHINABloomberg

Crude oil drops as US inches towards Iran deal to reopen Strait of Hormuz

Crude oil prices dropped as the US and Iran moved closer to a deal to reopen the Strait of Hormuz, though US President Donald Trump emphasized the blockade would remain until an agreement is finalized. Brent crude fell 4.2% to $99.16, while West Texas Intermediate approached $92.

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United StatesplaceIranplaceStrait of HormuzplaceDonald TrumppersonBrent crudetopicWest Texas Intermediatetopic
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