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Brent oil falls 3% below $100 amid hopes for US-Iran peace deal and easing Strait of Hormuz tensions

Market News
07 May 2026
The Guardian
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Neutral
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Brent crude oil prices dropped about 3% to $98.30 a barrel, falling below the $100 mark after US President Donald Trump suggested a peace deal with Iran is "very possible." The decline follows reports that the US sent a proposal via Pakistan to end the conflict and reopen the Strait of Hormuz, reducing fears of prolonged disruption. Iran is expected to respond soon, with nuclear talks likely to follow, though skepticism remains about the feasibility of the US proposal, which Iranian officials have criticized as unrealistic.

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Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...

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Japan launches world's first national AI infrastructure with NVIDIA to boost physical AI across industries.

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