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S04 Ep35 Energy Market Update: Brent volatile amid Iran talks and fresh Middle East strikes

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Brent crude fell sharply this week after reports suggested the US and Iran are close to agreeing a deal to reopen the Strait of Hormuz and potentially ease sanctions on Iranian oil exports. Prices dropped from around $105/bbl to $96/bbl before recovering towards $98/bbl following limited US and Israeli strikes near the Strait.

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26 May English South Africa Business

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