Oil prices have taken a significant dip, falling below $100 a barrel, as investors become increasingly optimistic about a potential peace deal between the US and Iran. This development has led to a 6% decline in Brent crude futures, with prices reaching $97.43 a barrel, the lowest level in two weeks. The stock market has also responded positively, with a rise in value. The potential for a peace deal has injected a sense of calm into the market, with investors reassessing their expectations for global oil demand.

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