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US crude futures fall over 6% on report of possible Strait of Hormuz reopening

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U.S. crude futures fell more ​than 6% in early ‌Asian trade on Tuesday after ​Nikkei reported that ​the U.S. and ⁠Iran are discussing ​a plan to ​reopen the Strait of Hormuz about 30 ​days after ​the two countries reach a ‌deal ⁠to end hostilities.

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