Oil price drop more than 2% as a pause in U.S.-Iran hostilities raises de-escalation hopes
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Source: CNBC
Published: 2026-07-28 13:25 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Iran, Energy, War & Conflict
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Snippet:
Oil prices extended their losses Tuesday after a pause in fighting between the U.S. and Iran held, raising hopes for a de-escalation in the Middle East conflict that has upended energy supplies.
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