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Oil prices fall 4% after Trump raises hopes of a U.S.-Iran nuclear deal

1. Oil prices dropped sharply on expectations of U.S.-Iran nuclear deal. 2. Brent crude futures fell 3.7%, WTI down nearly 4%. 3. Trump indicated progress in negotiations with Iran for long-term peace.

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FAQ

Why Bearish?

Predicted easing of sanctions could increase Iranian oil supply, lowering global prices.

How important is it?

Potential increase in oil supply from Iran can negatively affect BNO's performance.

Why Short Term?

Initial market reactions to diplomatic news can shift oil prices rapidly.

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