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Oil Prices Fall as US-Iran Truce Hopes Ease Supply Concerns
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- Published
- Sep 25, 2026, 12:49 PM UTC
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By Scott DiSavino NEW YORK, Sept 25 (Reuters) - Oil prices fell about 2% on Friday on mounting hopes for a truce between the US and Iran and talk about a possible US ban on diesel exports, even as
Iranian President Masoud Pezeshkian said it was up to the U.S. to choose when the Iran war will end.
Gold and silver firmed Friday as oil fell on U.S.-Iran truce hopes, but elevated Treasury yields and Fed rate-hike expectations kept bullion on track for a weekly loss.