Brent plunges 3.6% to $94 on Iran Hormuz deal proposal

Brent crude fell 3.6% to $94.00 as Qatar's PM carries an Iranian interim deal proposal to the White House to reopen the Strait of Hormuz, extending last week's 16% slide. The deal, signed off by Tehran per two diplomatic sources, would ease supply disruption fears, but its acceptance by the U.S. remains uncertain.

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