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The Independent UK

Business

Stuti Mishra

Oil prices fall and Asian stocks hit six-week high amid fresh hopes for Iran peace talks

Donald Trump IG Iran Oil United States Pakistan Windward

Asian stocks climbed to their highest level in six weeks on Wednesday and oil prices extended their decline below $100 a barrel after Donald Trump said US-Iran peace talks could resume in Pakistan within days, calming markets rattled by weeks of conflict-driven volatility.

Mr Trump said negotiations could restart in the next two days after weekend talks collapsed, prompting Washington to impose a blockade on Iranian ports.

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