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Oil prices plummet as Democratic sweep signals US policy shift on Iran

By Estefano Gomez

The Democratic sweep may lead to reduced geopolitical tensions, impacting long-term oil price expectations and altering global energy dynamics. The post Oil prices plummet as Democratic sweep signals US policy shift on Iran appeared first on Crypto Briefing.

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Crude oil

Unrefined petroleum extracted from the ground; Brent and WTI are its main global price benchmarks.

Oil prices feed into fuel, transport and goods costs, and so into inflation.

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Geopolitics

The way geography, resources and power shape relations and rivalries between countries.

Geopolitical tensions influence trade, energy prices and security around the world.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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