Oil sales decline 24% in the first two months of FY23

Oil prices plunge 5% as US, Iran pause attacks; diplomatic hopes rise

SINGAPORE: Oil prices tumbled 5% on Monday after the United States and Iran paused strikes over the weekend, raising hopes for a diplomatic solution that could de-escalate the conflict and allow shipping to resume through the Strait of Hormuz. Brent crude futures fell $4.89, or 5.05%, to $91.89 a barrel by 0009 GMT, after briefly slipping below the key support

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