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Oil tumbles over 4% as Trump signals final stages of Iran deal
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Oil tumbles over 4% as Trump signals final stages of Iran deal

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Oil prices dropped sharply on Wednesday, recording their largest single-day decline in over a month. The selloff was triggered by comments from President Donald Trump indicating that the United States is close to finalizing a diplomatic agreement with Iran, alongside real-time maritime tracking data showing a tentative resumption of oil tanker traffic through the critical Strait of Hormuz.