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Oil prices fall on easing US-Iran tensions

Oil prices retreated as signs of US restraint toward Iran eased concerns over potential supply disruptions.


Oil prices have declined following assessments that the United States is maintaining a policy of restraint toward Iran, as reported by Anadolu Ajansı and FXEmpire. Diplomatic contacts and President Donald Trump's avoidance of immediate military action have calmed market fears regarding disruptions to global energy supplies.

At the same time, Egypt Oil & Gas reported that LNG shipments through the Strait of Hormuz have reached their highest level since the war with Iran began. While the market is reacting positively to the possibility of easing regional tensions, investors continue to monitor price fluctuations, with a central question remaining whether the price of a barrel of WTI crude can hold above the $85 mark. Further details have not yet been released.

Sources: Egypt Oil & Gas, Anadolu Ajansı, FXEmpire

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