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Asia markets set for mixed open as oil falls on Hormuz reopening hopes
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- Asia-Pacific markets were set to open mixed Monday after reports that the crucial Strait of Hormuz could reopen soon pushed oil prices down and lifted investor sentiment.
- The West Texas Intermediate futures for June was 5.07% lower at $91.7 per barrel in early Asia trade.
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Asia-Pacific markets were set to open mixed Monday after reports that the crucial Strait of Hormuz could reopen soon pushed oil prices down and lifted investor sentiment.
President Donald Trump said in a Truth Social post that negotiations with Iran were "proceeding in an orderly and constructive manner," adding that he has told his representatives "not to rush into a deal in that time is on [their] side."
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