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statement

# **Oil plunged 8% as US-Iran peace hopes eased Hormuz fears.**

A statement by Gulf News headline. Statements are as reported by the cited publishers — not verified by DecisionGateway.

> *Oil plunges 8% as US-Iran peace hopes ease Hormuz fears*

gulfnewsuaePublished 2026-11-03 [ Read source](https://t.me/gulfnewsuae/73514)

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