US-Iran Talks

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Strait of Hormuz crisis: WTI crude falls below $100 as US-Iran talks resume

In the ongoing Strait of Hormuz crisis, crude oil prices fell below $100 a barrel following announcements that US-Iran talks will resume on Thursday—easing some geopolitical risk after last week's US naval blockade. West Texas Intermediate (WTI) crude spiked to $105 at the Globex open before correcting to around $98, amid persistent supply disruptions.

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