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International Oil Prices Fall Below $75 on Progress in US-Iran Peace Talks

Brent crude slips below key threshold as improving Strait of Hormuz traffic eases supply concerns International oil prices extended losses on Wednesday, with Brent crude falling below the $75-per-barrel mark and US benchmark West Texas Intermediate (WTI) dropping below $72, as progress in US-Iran peace talks improved market sentiment and reduced fears of supply disruptions.

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