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Updated: Oil prices fall 5% after Israel, Iran agree to ceasefire proposal

Updated: Oil prices fall 5% after Israel, Iran agree to ceasefire proposal

Oil prices sank more than five percent Tuesday after Israel said it had agreed to US President Donald Trump’s proposal for a bilateral ceasefire with Iran. At around 0640 GMT, Brent was down 5.0 percent at $67.93 per barrel, while the main US crude contract WTI was 5.1 percent lower at $65.01 per barrel. US […]