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Oil Costs Dive After Report of U.S.-Iran Talks
U.S. crude costs fell practically 5% Thursday after a report of U.S.-Iran talks on a brief nuclear deal that might enable the Islamic Republic to export extra crude.
Center East Eye reported that the nations are nearing a stopgap settlement wherein Tehran would curb uranium enrichment in trade for Washington easing some sanctions.
Citing sources with information of the talks, the British information website mentioned Iran could be allowed to export as much as 1 million barrels of oil per day, amongst different aid measures mentioned. Oil costs slid after the information: