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Oil Slumps as US-Iran Deal May Allow Strait of Hormuz to Reopen

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14 June

Oil prices slumped due to a potential US-Iran deal that could reopen the Strait of Hormuz.

Oil tumbled after the US and Iran agreed to a peace deal to end the war in the Middle East, potentially allowing the Strait of Hormuz to reopen.

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14 June

Oil prices slumped due to a potential US-Iran deal that could reopen the Strait of Hormuz.