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The Nexus
BUSINESSMay 25 · 11:09 UTCKYIV POSTAFP

Oil Falls, Stocks Climb on Hopes of US-Iran Hormuz Deal

Oil prices fell 5% and Asian markets rose as investors reacted to potential progress in a US-Iran deal to reopen the Strait of Hormuz. US officials indicated progress, but key issues like uranium stockpiles and sanctions relief remain unresolved, with traders assessing impacts on inflation and energy supplies.

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United StatesplaceIranplaceStrait of Hormuzplaceoil pricestopicAsian marketstopicuranium stockpilestopicsanctions relieftopicinflationtopic
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