Oil Prices Fall Nearly 20% as US-Iran Deal Doubts Keep Markets Volatile

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Brent and crude oil prices fell almost 20% in a month after the ceasefire announcement and the opening of the Strait of Hormuz. Investors remain skeptical because US-Iran negotiations are tenuous and extending beyond the imagined timeline. Ryan Sweet said stock market volatility may persist until a peace deal is finalized, even if oil prices fall further.
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