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Oil prices fall as U.S. and Iran pause fighting for a second day

Investors appeared to take comfort from reports that neither side had strikes in the pause, keeping hopes for a potential resolution alive.

Reported · Written up by our desk · Energy

Oil prices fell after a reported pause in fighting between the United States and Iran extended for a second day, according to the New York Times Business.

The outlet said no strikes had been reported from either side since Friday, which left oil investors more optimistic about the possibility of a resolution to the conflict.

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