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Asia

Oil Falls on Fresh Iran War Diplomacy, Talks on Hormuz

mint - markets · 1h ago · 🇮🇳 India

Oil Falls on Fresh Iran War Diplomacy, Talks on Hormuz

Oil extended declines as fresh diplomatic efforts helped renew optimism the Iran war would not escalate, while a US plan to ramp up economic pressure on Tehran spared the country’s trading partners from harsher measures for now.

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Short Squeeze in US Swaps, Options Shows ‘Bessent Put’ at Work

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