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Oil prices slump on Qatar comments about possible US-Iran deal

The sharp drop follows remarks from a Qatari official suggesting talks over a potential short term arrangement between the United States and Iran.

Reported · Written up by our desk · Energy

Oil prices fell sharply on Tuesday after a Qatari official discussed the possibility of a short term deal between the United States and Iran, adding to market uncertainty about near term supply risks, according to MarketWatch.

The report said the move came quickly, with prices turning lower as traders reacted to the prospect of a potential agreement affecting regional dynamics tied to crude supply expectations.

Latest closeWTI crude $80.00 ▼5.5%

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Sources

MarketWatchOil prices slump as Qatar talks about potential short-term U.S. and Iran deal
MarketWatchOil prices slump as Qatar talks about potential short-term U.S. and Iran deal

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