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Crude oil prices near three-month low on Strait of Hormuz reopening; Brent oil near $80 per barrel (opens original article in a new tab)

TL;DR

Crude oil prices increased amid uncertainty over the Strait of Hormuz reopening, with Brent oil near $80 per barrel.

  • Brent crude futures rose 0.6% to $79.43 per barrel
  • US-Iran peace deal discussions influenced oil price movements
  • Strait of Hormuz reopening uncertainty affects oil markets
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