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flag Oil prices fall 3% as U.S.-Iran talks ease tensions, suggesting a dip in production needs.

flag Oil prices have dropped by nearly 3% as progress in U.S.-Iran talks eases market stress. flag The talks hint at a possible diplomatic resolution, which could reduce geopolitical tensions and lower the need for increased oil production. flag Details of the negotiations remain vague, but the prospect of improved relations between the two nations is seen as positive for the oil market.

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