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S04 Ep36 Energy Market Update: Oil rebounds as US-Iran ceasefire deal faces fresh hurdles

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Brent crude has recovered to around $93.50/bbl after falling below $90 last week on optimism that a US-Iran ceasefire agreement could ease tensions in the Gulf. However, reports of further negotiations, renewed military action around the Strait of Hormuz, and concerns over mine clearance have tempered expectations of a swift resolution.

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1 Jun English South Africa Business

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