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Oil prices slump on potential US-Iran deal to open Strait of Hormuz

Oil prices plunged on optimism that the US and Iran will reach a deal to reopen the Strait of Hormuz after President Donald Trump said fresh talks between the warring sides would begin on Monday. Brent, the benchmark for two thirds of the world's oil , slid more than 7 per cent during early trade but recovered some ground to trade 5.09…

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