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BUSINESSAug 2 · 23:02 UTCWDIV CLICKONDETROITCathy Bussewitz, Associated Press

Oil prices drop after Trump orders US forces to hold off on new strikes against Iran

Oil prices fell sharply after President Donald Trump ordered U.S. forces to pause new strikes against Iran, citing a potential Middle East conflict resolution. The price of U.S. crude oil dropped 5% to $80.79 per barrel, and Brent crude fell 5% to $83.87 per barrel, amid hopes of resuming oil shipments through the Persian Gulf.

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Donald TrumppersonIranplaceU.S. crude oiltopicBrent crudetopicStrait of HormuzplaceU.S. forcesorganizationoil and gas companiesorganization
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