Oil prices rise as U.S. and Iran reach deal to halt attacks, U.S. oil above $70 per barrel again

Oil prices rose today after the United States and Iran reached a deal to halt recent attacks and hostilities. West Texas Intermediate crude climbed above seventy dollars per barrel as the market priced in reduced geopolitical risk. According to CNBC, the agreement eases tensions in the Middle East that have weighed on energy markets.

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