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Oil Up As Talks Disputed
Description
Brent rose 1.3% to $101.19/barrel and WTI climbed 2.4% to $90.28 after Iran denied peace talks with the U.S., contradicting Trump's claims of "major points of agreement." Analysts at BCA Research see tentative de-escalation but warn the Strait of Hormuz remains unsecured, making it too early to bet on lower oil prices.
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