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U.S. crude oil prices dropped nearly 5% on Thursday following a report that the United States and Iran were in talks about a temporary nuclear agreement which would allow Iran to export more crude.
Middle East Eye has reported that the countries in question are
A stopgap deal is near
In which Washington eases some sanctions in exchange for Tehran reducing uranium-enrichment.
The British news site cited sources familiar with the talks and said that Iran would be permitted to export up 1 million barrels per day. Other relief measures were also discussed. After the news, oil prices fell:
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