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Oil Prices Slide After Trump Calls Off Iran Strikes
US stock futures moved higher before Wall Street opened on Monday.
West Texas Intermediate futures declined more than 6% to $79.49 per barrel.
Australian shares surged Tuesday morning, with the S&P/ASX 200 climbing 92.6 points, or 1.03%, to 9,111.9 by 11:39 a.m. AEST, putting the benchmark index within striking distance of the all-time high it set earlier this year.
Brent crude oil fell below 83 US dollars (£61.73) a barrel on Monday, down nearly 6%.
