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Oil prices drop further below 80 dollars a barrel as US-Iran peace deal signed

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Susannah Streeter, chief investment strategist at the Wealth Club, said: “The digital signing of the interim agreement between the US and Iran, ahead of an official ceremony on Friday, is exerting a fresh downward force on (oil) prices, as new supplies are expected to hit the market just as demand has been weakened by rationing and energy-efficiency measures.”

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