Oil plunges 4% in 30 minutes!
Are we witnessing the start of a new wave of falling oil prices?

Oil crashed ‎-4%‎ in just 30 minutes after the United States approved a draft agreement with Iran.
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The decline followed reports that the United States had approved a draft agreement with Iran, boosting hopes for de-escalation and easing concerns about oil supplies and the Strait of Hormuz.

📉 Markets are pricing in the possibility of tensions easing and supplies returning, but whether the decline continues depends on the draft becoming an actual agreement.
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