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Oil Prices Rise as U.S. and Iran Discuss Deal to Suspend Attacks in Gulf

NYT > Business·June 29, 2026
Oil Prices Rise as U.S. and Iran Discuss Deal to Suspend Attacks in Gulf

She reports that oil prices have increased due to a potential agreement between the US and Iran to suspend attacks in a key shipping lane. The US and Iran are discussing a deal to halt hostilities, which has raised hopes of de-escalation. An American official confirmed that the two countries have agreed to stop attacks in the region, leading to the rise in oil prices. This development has eased concerns about a potential escalation of tensions in the Gulf.

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