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Oil Falls Below $80 With US-Iran Deal Set to Add Wave of Supply (opens original article in a new tab)

TL;DR

Brent Oil fell below $80 a barrel as the US-Iran deal to reopen the Strait of Hormuz boosted expectations for increased supply.

  • Brent Oil fell below $80 a barrel
  • US-Iran deal to reopen the Strait of Hormuz expected to increase supply
  • Oil prices dropped to their lowest since early March
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