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Global oil markets are closely watching the impact of diplomatic talks. Oil is on track for a second consecutive weekly decline. Price Global oil markets are closely watching the impact of diplomatic talks. Oil is on track for a second consecutive weekly decline. Price
movements have firmed despite the downward trend. The United States and Iran are negotiating an agreement to end the war. Recent signs suggest cracks are appearing in that deal. Traders have shown caution in response to the uncertainty. The mixed signals have kept oil prices
relatively stable. Analysts will monitor the negotiations for further price effects.