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WORLDAug 3 · 06:32 UTCDAWN[email protected] (Reuters)

Oil tumbles as Trump cancels attack on Iran to reach deal aimed at reopening Hormuz

Oil prices dropped over $4 a barrel after US President Donald Trump postponed an attack on Iran to pursue a deal reopening the Strait of Hormuz. The article notes OPEC+ approved an oil production increase, while attacks on tankers and shipping disruptions continued.

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Mentioned
Donald TrumppersonIranplaceStrait of HormuzplaceOPEC+organizationTony SycamorepersonIGorganizationUnited Kingdom Maritime Trade Operationsorganization
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