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Crude oil prices dip as US and Iran negotiate Hormuz Strait deal negotiations
Oil prices eased as US and Iranian negotiators explored a phased deal to reopen the Strait of Hormuz, the world's most important energy shipping route. West Texas Intermediate futures traded below $94 a barrel.
Oil prices dipped as US and Iranian negotiators discussed a potential phased deal to reopen the Strait of Hormuz, a critical energy shipping route, while also weighing supply risks that could impact market sentiment.
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