Oil prices declined on Tuesday as the U.S. and Iran continue a mutual pause in strikes. Brent crude’s September contract fell 2.5% to $83.76 a barrel, after already dropping 17% since Washington stopped attacks following 13 straight nights of strikes. West Texas Intermediate’s September contract shed more than 2% to $80.74, down about 12% over the same period. An Iranian government spokesman stated during a televised news conference that talks with the U.S. are not occurring.
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