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BUSINESSJul 27 · 07:45 UTCDAWN[email protected] (Reuters)

Oil prices dip over 6pc after US, Iran pause fighting over weekend

Oil prices fell over 6% after the US and Iran paused military strikes, raising hopes for de-escalation and resuming shipping through the Strait of Hormuz. The pause led to a sharp decline in Brent and WTI crude futures, though shipping data showed limited vessel movement through critical straits.

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United StatesplaceIranplaceStrait of HormuzplaceBrent crudetopicWest Texas Intermediate crudetopicSaudi ArabiaplaceRed SeaplaceMike WaltzpersonING analystsorganizationSaul KavonicpersonUOB analystsorganizationYemeni Houthisorganization
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