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Oil prices fall over 4% on hopes of US-Iran peace talks easing Middle East supply disruptions

By ChordNews · First written (updated )

Oil prices fall over 4% as US-Iran peace talks raise hopes of easing Middle East supply disruptions
Image: hindustantimes.com
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Summary

Oil prices fell more than 4% as US-Iran peace talks raised hopes of easing supply disruptions in the Middle East. Hindustan Times reported that Goldman Sachs warned of future price risks even as prices dropped. Channel NewsAsia reported that oil prices plunged on US-Iran detente hopes ahead of the US midterm elections.

This continues an earlier story: Oil rises as US may resume strikes on Iran after midterms, with Israeli election tight

Later: Analyst warns oil could top $100 as renewed U.S.-Iran tension builds · European markets rebound as lower oil prices support sentiment

Timeline

  1. Hindustan Times

    Source ↗

    Hindustan Times reports that oil prices fell over 4% as US-Iran peace talks raised hopes of easing Middle East oil supply disruptions, while Goldman Sachs warned of future price risks.

  2. Channel NewsAsia

    Source ↗

    Channel NewsAsia reports that oil prices plunged on US-Iran detente hopes ahead of the US midterm elections.

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