'Glimmers of hope' for peace driving further oil price falls
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Jemma CrewBusiness reporter Further falls to oil prices on Tuesday are "based on glimmers of hope that both sides remain keen to make a lasting peace deal", according to an analyst. The price of global benchmark Brent crude dropped 4.5% to a low of $94.87 a barrel on Tuesday, before recovering slightly. "News of a potential second round of talks has been helpful in soothing markets, alongside the suggestion that Iran will not test the US blockade, instead opting to pause shipments
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