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CommodityOilPrice.com

Oil Prices Plunge 7% as U.S. and Iran Signal Room for Diplomacy

Oil prices plunged nearly 7% on Monday after Washington and Tehran both signaled they would give diplomacy a chance, wiping out part of the war premium that lifted crude through October. Brent traded at $105.60 per barrel, down $7.85, and WTI fell $7.20 to $96.92. Iranian President Masoud Pezeshkian said on Monday that the Supreme Leader has granted the government “certain authorities” over peace…

CommodityOilPrice.com

U.S.-Backed Consortium Proposes $4.4 Billion LNG Terminal in Pakistan

A group of U.S. companies is proposing to build and operate a $4.4-billion LNG import and storage terminal in Pakistan, local media reported on Monday, as Pakistan faces high gas import costs with disrupted Qatari LNG flows. The companies, supported by the Trump Administration, include Global Vision Energy Partners (GVEP) and Khanjee Holdings, plus international strategic partners and…

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