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Oil Prices Ease After US and Iran Pause Their Attacks
Brent and West Texas Intermediate fell more than 5% as the pause eased fears of supply disruptions in the Strait of Hormuz, traders said.
- On Sunday, the United States and Iran maintained a second day without military strikes as Iranian and Omani deputy foreign ministers met in Tehran to discuss maritime navigation in the Strait of Hormuz.
- The lull follows 13 consecutive nights of U.S. strikes on coastal infrastructure, launched after Iran attempted to control shipping through the waterway and effectively paralyzed vital energy transit routes.
- U.S. Ambassador to the United Nations Mike Waltz said President Donald Trump is "giving talks some space," while Central Command noted the naval blockade of Iranian ports "remains in full effect."
- Israeli Prime Minister Benjamin Netanyahu travels to Washington on Tuesday to meet Trump, having stated he "fully" backs efforts to weaken Iran while avoiding intense military involvement.
- Mediators are pushing for a return to the interim ceasefire deal signed in June, which established a 60-day period for final terms as global energy supply concerns mount.
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222 Articles
222 Articles
Energy markets react less to military events than to expectations about their real impact on the global oil supply
·Madrid, Spain
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Oil prices dip over 6% after US, Iran pause fighting over weekend
Oil prices tumbled more than 6% on Monday after the US and Iran paused strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz.
·New York, United States
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Tagesschau+7 Reposted by 7 other sources
Oil prices have fallen by more than five percent in the morning. The reasons are the hope of a relaxation in the Iran war and possible new negotiations between Washington and Tehran.
·Hamburg, Germany
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Total News Sources222
Leaning Left27Leaning Right49Center51Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 21%
C 40%
R 39%
Factuality
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