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Brent crude drops 4% as Iranian and Omani negotiators agree on temporary arrangement for shipping through waterway
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First Thing: Trump chastises oil companies for ‘making too much money' from his Iran war The GuardianOil companies are profiting from the US-Iran war. That's a political headache for Trump CNNTrump demands Exxon and Chevron cut gas prices after war-driven profit surge qz.comTrump says Exxon and Chevron made 'too much money
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Bessent says there may be deal Tuesday or Wednesday to open Strait of Hormuz with 'freedom of movement' CNBCLive updates: Drafts of potential US-Iran agreement are ‘being circulated,' Qatar says CNNStock Market Today: Dow Leaps, Oil Slides After Bessent Says Iran Deal Could Be Close — Live Updates WSJQatar Signals Progress Toward Short-Term Deal Between US, Iran Bloomberg.com
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Oil prices turned sharply lower on Tuesday after a Qatari official talked about a potential short-term deal between the U.S. and Iran.
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Higher oil prices propelled a quarterly earnings jump for Saudi Arabia's energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
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