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SC Crude Oil Falls Over 4% as U.S.-Iran Talks Progress in Doha on July 2

GateNews
Commodities
SC-0.85%
According to Jin10 Futures, SC crude oil fell over 4% and liquefied petroleum gas dropped over 3% in early trading on July 2, amid progress in indirect U.S.-Iran negotiations in Doha. The U.S. agreed to invest $3 billion in Iran while discussing nuclear de-escalation and maritime corridor access. Final agreement negotiations are expected to follow. The improved geopolitical outlook has prompted supply recovery expectations, though medium-term risks remain and year-end supply balances remain tight, according to a Yuanyuan Futures research report.
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