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MarketWatchJul 20, 2026
Global oil prices dip below $87 a barrel after new Iran ceasefire proposal. Blockade on Saudi by Yemen's Houthis keeps losses in check.
Oil prices took a dive into the red on Monday, reversing an earlier sharp rally, after a report of a 10-day ceasefire proposal between the U.S. and Iran sparked a sharp decline in energy prices

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