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Breaking Posted 4 hours ago

Oil Prices Drop to Lowest Since March on US-Iran Deal

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Oil prices fell to their lowest level since March following a US-Iran ceasefire agreement, easing geopolitical risk premium embedded in energy markets. The deal signals a potential reduction in Middle East tensions that had previously supported crude prices. The drop in oil pressures commodity-linked currencies, particularly CAD and NOK, making USD/CAD and EUR/NOK key pairs to watch. Risk sentiment may also shift, supporting safe-haven unwinding and lifting risk-on currencies like AUD if the de-escalation holds.
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