Oil tumbles and Brazil stocks plunge as markets brace for a pivotal week Brent crude is down more than 6% from Friday’s high, trading just below $110 a barrel as hopes of a deal between the US and Iran ease fears of further escalation. The Financial Times reports that Iran is hosting officials from Saudi Arabia, Pakistan and Turkey, following a visit by Qatari officials. Brazil’s stock market fell 20% after President Luiz Inácio Lula da Silva unexpectedly secured a fourth term in office. The iS…
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