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Global stock markets decline, oil prices slide over $2 per barrel on hopes for US-Iran deal

IndiaTimes Thursday, 15 May 2025
Global stock markets mostly declined on Thursday. Oil prices also saw a significant drop. Speculation about a potential US-Iran nuclear deal influenced the market. This deal could ease sanctions and increase oil supply. Earlier gains from the US-China trade truce reversed. Concerns about oversupply also contributed to the market downturn. Investors are now awaiting the US April wholesale inflation report.
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