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The Nexus
BUSINESSMay 29 · 08:33 UTCTHE GUARDIAN WORLDJasper Jolly

Oil price drops amid hopes of US-Iran peace deal

Oil prices dropped amid hopes for a US-Iran peace deal, with Brent crude futures falling 1.3% to $91.54 and nearing a 17% monthly decline. Global stock markets rallied as investors anticipated an end to the US-Israel war on Iran.

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