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Oil falls as Trump says new Iran attacks 'unlikely'
PERTH: Oil prices fell at Monday’s open after US President Donald Trump said he was highly unlikely to order new Iran attacks while talks to end the conflict make progress, despite both nations’ reports of attacks on ships in or near the Strait of Hormuz. Brent was down 84 cents, or 0.85%, to $97.48 a barrel by 0138 GMT, while West Texas Intermediate fell 32 cents, or 0.35%, to $90.51 a barrel. The fall reversed minor gains made on Friday’s settlement as the market assessed the possibility of further US strikes on Iran, although Brent fell 17% last week, the steepest weekly drop since the ...
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