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Oil prices plunge after Trump says hopeful over Iran talks

Middle East News

02-02-2026 | 00:17

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Oil prices plunge after Trump says hopeful over Iran talks

Oil prices plunged Monday after Donald Trump said he was hopeful of reaching a deal with Iran, easing concerns about a conflict between the two in the crude-rich region.

West Texas Intermediate sank 3.4 percent to $62.99 while Brent shed 3.2 percent to 67.09 in early Asian trade following the U.S. president's comments.

AFP

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