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Iran scraps Trump peace talks over Israeli strikes on Lebanon, sending markets lower

1 hour ago 665
  • U.S.-Iran talks were called off after Israeli strikes on Lebanon, and JD Vance canceled his Switzerland trip.
  • Brent fell to $79.49, while WTI slipped to $76.36 as peace hopes weakened.
  • Iran allowed tankers carrying more than 12 million barrels through Hormuz without firing on ships.
  • Asian markets were mixed, OPEC stayed bullish on oil demand, and several major exchanges were closed.
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