Oil Slips to 2-Week Low as US-Iran Seen Moving Closer to Peace Deal

Oil prices fell more than $5 to two-week lows on Monday, as optimism grew that the United States and Iran were moving closer to a peace deal, even though they remain at odds over key issues such as blockades on the Strait of Hormuz. Brent crude futures LCOc1 were down $5.09 …

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