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Oil slides after US-Iran ceasefire deal to open Strait of Hormuz

The agreement was announced not long before Trump's Tuesday evening deadline was reached. Global oil prices have fallen sharply and stock markets have jumped after the US and Iran agreed a conditional two-week ceasefire deal that includes the reopening of the key Strait of Hormuz waterway. The price of benchmark Brent crude fell by about ... [1214 chars]

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