Trump is raising expectations that this time he really will close deal with Iran

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AI Fusion Summary

President Donald Trump is raising expectations regarding a potential deal with Iran, claiming he is close to reaching a peace agreement with Tehran. Consequently, global oil prices plummeted to levels not seen since the start of the Iran crisis. Brent crude prices fell from approximately $93 a barrel after the US president cancelled scheduled military strikes. Optimism is growing that the strait of Hormuz could reopen over the weekend as diplomatic progress continues.
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