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Oil, silver lead commodity losses
Business Standard
|January 16, 2026
Oil fell for the first time in six days after US President Donald Trump signalled he may hold off on attacking Iran for now.
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Precious metals also slipped from their record highs.Brent crude dropped 2.9 per cent as Trump said he was reassured by sources “on the other side” that the government in Tehran would stop killing people involved in widespread protests. Even so, Iran temporarily closed airspace around its capital. Silver sli
This story is from the January 16, 2026 edition of Business Standard.
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