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The Independent UK

Business

Stuti Mishra

Oil prices rise after fresh US strikes shatter hopes of imminent Iran peace deal

Iran United States Oil Hormuz

Oil prices rose again on Tuesday after US military strikes in southern Iran shattered hopes of an imminent peace deal.

Positive noises about peace talks coming from both the US and Iran had sent crude tumbling 7 per cent on Monday – one of the sharpest single-day drops in weeks.

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