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Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance in United Arab Emirates, March 11, 2026.... Purchase Licensing Rights, opens new tabRead more
SINGAPORE, June 15 (Reuters) - Oil prices slipped on Monday after U.S. President Donald Trump and Iran's deputy foreign minister said they have reached a deal to halt the war and to resume traffic through the Strait of Hormuz.
Brent crude futures fell $3.51, or 4.02%, to $83.82 by 2203 GMT and U.S. West Texas Intermediate was at $80.95 a barrel, down $3.93, or 4.63%.
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Reporting by Florence Tan
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