US stocks move: Plunging oil prices drag down energy stocks, Chevron falls 1.8%, ExxonMobil drops over 2%
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On the news front, after the United States launched air strikes against Iran for 13 consecutive days, it ordered a halt to military operations on July 24th. The Iranian military also simultaneously announced a suspension of retaliatory actions, leaving room for diplomatic negotiations. International oil prices continue to decline—this afternoon session, WTI crude oil futures fell by 8.00% to $82.166 per barrel; Brent crude oil futures fell by 7.56% to $84.753 per barrel.
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