Oil prices volatile amid uncertainty over U.S.-Iran peace talks
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Significant discrepancy in conflict status and negotiation progress.
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Story essentials
U.S., Iran, Opec+
Strait of Hormuz, Global
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The Prize: The Epic Quest for Oil, Money, and Power
Author: Daniel Yergin
This definitive history of the global oil industry provides essential context on how geopolitical tensions in the Middle East, particularly involving Iran and the strategic importance of the Strait of Hormuz, have historically dictated global energy prices and international relations.
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