BUSINESSJun 15 · 06:14 UTCDAWN[email protected] (Reuters)

Oil prices slip to their lowest since March as US, Iran reach preliminary agreement to reopen Hormuz

Oil prices fell to their lowest since March as the US and Iran announced a preliminary agreement to reopen the Strait of Hormuz. The deal, set to be signed in Switzerland, aims to restore oil flows through the critical chokepoint and end a naval blockade.

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Mentioned

US President Donald TrumppersonIran’s deputy foreign ministerpersonStrait of HormuzplaceBrent crude futurestopicUS West Texas IntermediatetopicKCM TradeorganizationE4 nationsorganizationCommonwealth Bank of Australiaorganization

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