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THENATIONALPULSE (Pulse Wires) - Oil Prices Fall as Trump and Iran Say Hormuz Could Reopen Soon.

The price of Brent crude oil has fallen below $98 a barrel, the lowest since late April, following reports that the U.S. and Iran are moving towards an agreement to end the war.

Oil prices fall amid talk of a U.S.-Iran peace deal reopening the Strait of Hormuz, stabilizing global energy supplies. PULSE POINTS WHAT HAPPENED: The price of Brent crude oil fell below $98 a barrel, the lowest since late April, following reports that the U.S. and Iran are moving towards an agreement to end the war. DETAIL: On Wednesday, the price of Brent crude oil, a short-term price benchmark, fell to $97.48 a barrel , the lowest since April 22 and nearly an 11 percent drop. Similarly, the price of US West Texas Intermediate crude oil fell to $90.74, an 11.3 percent decrease. The drop in oil prices comes amid reports that the United States and Iran are making progress on an initial agreement, potentially ending the conflict and…Open