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BREAKING NEWS

Iran deal saps oil prices

By REUTERS
Oil prices hit the skids on Monday after Iran and six world powers sealed a deal curbing its nuclear program.
While Iran will not be allowed to increase its oil sales for six months, any easing of Middle East tensions tends to lead to lower crude prices.
Brent crude oil shed $2.89 to $108.16 a barrel, its biggest daily drop in a month. U.S. oil lost $1.37 to $93.47 a barrel.
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