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Washington, May 6, 2026, 07:16 (EDT) Brent crude fell below $100 a barrel on Wednesday after President Donald Trump paused the U.S. “Project Freedom” effort in the Strait of Hormuz and reports of progress toward a U.S.-Iran framework deal lifted hopes that the war could be nearing a turn. The global benchmark was trading about 9% lower at $99.79 a barrel in the latest Guardian market update. (The Guardian) The move matters because Hormuz is not just another shipping lane. The International Energy Agency says about 20 million barrels a day of crude oil and oil products moved through the

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