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THENATIONALPULSE (Pulse Wires) - Oil Prices Drop Amid Pause in Iran Fighting, Hope for Fresh Ceasefire.

A temporary pause in hostilities between the U.S. and Iran has eased oil prices, providing potential relief for inflation concerns and central bank policies.

A temporary pause in hostilities between the U.S. and Iran has eased oil prices . PULSE POINTS WHAT HAPPENED: Oil prices fell below 90 US dollars a barrel after a three-day pause in fighting between the United States and Iran raised hopes that peace negotiations could resume and allow the Strait of Hormuz, a key global oil shipping route, to reopen. Benchmark Brent crude dropped as much as eight percent to 87.55 US dollars a barrel after briefly reaching 100 dollars last week during renewed hostilities. DETAIL: The renewed fighting in the Middle East, triggered by Iranian attacks on commercial ships transiting the Strait of Hormuz, disrupted the waterway that normally carries nearly one-fifth of the world’s crude oil supplies, fueling…Open