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Breaking Posted 2 hours ago

Oil Falls Below $85, Stocks Rise on Iran Diplomacy Breakthrough

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US crude settled below $85 as diplomatic breakthrough on Iran appears likely, with 80-85% probability of peace deal within days. S&P 500 extended weekly gains amid geopolitical risk reduction. USD likely to strengthen on reduced safe-haven demand and lower oil prices benefiting US economy. Oil-linked currencies CAD and NOK may weaken, while risk-on sentiment could pressure JPY and CHF.
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