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Oil prices today: Crude slips as Iran-Oman talks fuel hopes of peace deal, Hormuz reopening

FinSiddhi

Oil prices edged lower as investors assessed Iran-Oman talks for peace. Brent crude futures fell, and US West Texas Intermediate also declined. Market sentiment focused on diplomatic efforts to resolve tensions between Tehran and Washington. Fresh US inventory data showed crude oil stockpiles increased significantly. Geopolitical risks remain elevated with warnings of retaliatory attacks.
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