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Breaking Posted 14 hours ago

Trump cancels Iran strikes; Brent crude falls 5% to $83.50

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US President Trump cancelled planned military strikes on Iran to resume Middle East peace negotiations, sending Brent crude down 5% to $83.50/bbl and WTI below $79.50/bbl. Risk-off unwind supports safe-haven JPY and CHF; USD weakens as geopolitical premium deflates. Energy-linked commodity currencies (AUD, CAD, NOK) face headwinds from lower oil.
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