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Oil drops 20% from 2026 peak on optimism over U.S.-Iran ceasefire talks

Global oil prices have retreated sharply amid hopes that a lasting Middle East ceasefire can unlock the Strait of Hormuz.

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CNBCLean R·6h ago
Oil drops 20% from 2026 peak on optimism over U.S.-Iran ceasefire talks
Global oil prices have retreated sharply amid hopes that a lasting Middle East ceasefire can unlock the Strait of Hormuz.
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