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Oil prices wobble as breakdown in U.S.-Iran talks casts doubt over peace process
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- Oil prices were slightly lower on Wednesday, after Iran said it would not meet with U.S. delegates for talks in Qatar, amplifying concern about the peace process.
- International benchmark Brent crude futures with September delivery traded 0.3% lower at $72.72 per barrel at around 9:28 a.m.
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Oil prices were slightly lower on Wednesday, after Iran said it would not meet with U.S. delegates for talks in Qatar, amplifying concern about the peace process.
International benchmark Brent crude futures with September delivery traded 0.3% lower at $72.72 per barrel at around 9:28 a.m. (4:28 a.m. ET). The contract dropped roughly 21% last month, notching its largest monthly decline since March 2020.
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