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Breaking Posted 13 hours ago

Oil and USD Rise as Vance Cancels Iran Negotiation Trip

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VP Vance cancelled his trip to Switzerland to negotiate with Iran, triggering a rise in both oil prices and the US dollar. Markets had priced in a smooth ceasefire-to-negotiation transition, and the cancellation has unwound that assumption. The 60-day MoU nuclear talks clock is running with no meeting yet scheduled. USD pairs are in focus as the dollar strengthens on geopolitical risk repricing. Oil-linked currencies like CAD may see support, while risk-sensitive pairs such as AUD/USD and EUR/USD face headwinds. Traders should watch for further developments on Iran talks and crude risk premium rebuilding.
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