Oil slips after report of likely US-Iran talks

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Bloomberg / Jul 04, 2025, 05:12 IST

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Oil slips after report of likely US-Iran talks

Oil declined after reports of US' plans to restart nuclear talks with Iran, reducing the risk of another flare-up in West Asia. West Texas Intermediate crude slumped as much as 1.4% to hit session lows below $67 a barrel.

Crude prices have been buffeted by geopolitical events in recent weeks.

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