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Oil prices plummet as Trump claims he is close to US-Iran deal

Sunday Island

June 14, 2026

Brent crude falls as optimism rises strait of Hormuz could reopen over the weekend

(AFP) Global oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran.

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High fuel prices spark outrage in transport sector, services halved

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