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Oil prices dropped below $68 per barrel after Qatar reported progress in indirect Iran-U.S. talks, extending crude’s decline to 43% from its recent peak.
Oil prices fell below $74 per barrel, reaching a 3.5-month low as hopes for a U.S.-Iran agreement continue to ease supply concerns.
Oil prices fell more than 7% below $76 per barrel as traders reacted to reports of a potential U.S.-Iran agreement.