Oil prices fall back as 'hopeful' Tehran responds to Trump is drawing significant interest across the industry.
West Texas Intermediate was down 1.0 percent at $62.25 per barrel after earlier jumping 1.5 percent, while international benchmark Brent North Sea Crude slipped 2.0 percent to $67.22.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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