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Oil prices fall 3% as U.S.-Iran talks ease tensions, suggesting a dip in production needs.
Oil prices have dropped by nearly 3% as progress in U.S.-Iran talks eases market stress.
The talks hint at a possible diplomatic resolution, which could reduce geopolitical tensions and lower the need for increased oil production.
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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Los precios del petróleo caen un 3% a medida que las conversaciones entre Estados Unidos e Irán alivian las tensiones, sugiriendo una caída en las necesidades de producción.