Oil retreats from highs as Saudi, Turkish, Pakistani officials visit Tehran
Brent crude fell to $114.85 a barrel and WTI to $100.87 as diplomatic visits to Iran raised hopes for de-escalation, pulling prices back from last week's multi-month peaks.
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Japan’s trade deficit nearly doubles to $17.8 billion on energy costs
Japan posted a trade deficit of $17.8 billion for April to September, almost double the shortfall a year earlier, as the closure of the Strait of Hormuz pushed up the cost of oil and gas imports.