article author: Reuters Tue, 2026-06-02 22: 22 LONDON: Oil prices fell more than 1 percent on Tuesday, paring the previous session’s sharp gains, as Iran reviewed a proposed agreement with the US to halt the war between the two countries, Iran’s Mehr News reported. President Donald Trump said on Monday that negotiations with Iran were continuing and there would be a deal to extend the ceasefire and reopen the Strait of Hormuz over the next week. Main category: Business & Economy Tags: oil and gas energy War in Iran
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