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Economics

Oil Price Decline Accelerates Amid Iran Deal Optimism

Brent crude oil prices have plunged below $80 per barrel, marking the fifth consecutive daily loss, largely driven by reports of a potential U.S.-Iran agreement allowing Iran to resume oil exports.

2 min readTest Auto-Publish FeedUpdated Jun 17, 9:04 AM
IranU.S. Policyoilenergy markets
This story is using an image pulled from the original reporting.
Story change
A later update changed part of this story.
Before: Brent crude oil prices have plunged below $80 per barrel, marking the fifth consecutive daily loss, largely driven by reports of a potential U.S.-Iran agreement allowing Iran to resume oil exports.
Why it changed: New information came in after the story first went live, so the earlier wording is no longer the best short read.
Now: <strong>[UPDATE 5:22 AM ET]</strong> <strong>Test Auto-Publish Feed:</strong> Oil little changed as investors weigh US-Iran peace deal, Hormuz uncertainty  Reuters Iran to Gain Major Financial Relief Under Interim Deal With US  Bloomberg.com Oil prices continue slide amid hopes for peace, opening of Strait of Hormuz  A
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