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Oil extended losses after an industry report pointed to rising US crude inventories, adding to bearish signs for the market. West Texas Intermediate dropped for a third session toward $78 a barrel, while Brent closed 1% lower on Tuesday. The American Petroleum Institute reported that crude stockpiles rose by 2.5 million barrels last week, according to ...
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Iran will hold a presidential election on 28 June to choose a successor to Ebrahim Raisi, who was killed in a helicopter crash on 19 May. The election timetable was confirmed today at a meeting between the heads of Iran's three branches of government: caretaker president Mohammad Mokhber, head of judiciary Gholam Hossein Mohseni-Ejei, and parliament speaker ...