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Oil prices sink on US-Iran detente hopes ahead of midterms

A man walks next to pumpjacks in Rmelan, Syria, February 9, 2026. — ReutersIran offers to reopen Strait of Hormuz, if conditions met. Pezeshkian says Khamenei authorised govt for US talks. Energy shares decline as gas prices also fall. Oil prices sank more than 6% on Monday, the. ..

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