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Global oil prices increased following the fragile ceasefire between the United States and Iran. According to a Reuters report, Brent crude reached 81.66 dollars per barrel at 10:06 p.m. GMT on Sunday, up by 1.09 dollars or 1.35 percent. Earlier in the day, prices had climbed as high as 82.30 dollars per barrel.
The report noted that crude prices had fallen slightly the previous week after several oil tankers successfully passed through the Strait of Hormuz, easing concerns about supply disruptions. However, renewed geopolitical uncertainty has again pushed prices upward.
Meanwhile, high-level diplomatic talks between the United States and Iran began in Switzerland, mediated by Qatar and Pakistan. The mediators described the discussions as taking place in a positive and constructive atmosphere, suggesting cautious optimism for further progress.
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