Oil prices fall as the U.S. and Iran weigh a proposal to end the nearly ten‑week war, with discussions centered on a one‑page memorandum that could reopen the Strait of Hormuz. U.S. fuel exports hit a record 8.2 million barrels a day, while analysts warn Europe and the U.S. may hit storage “tank bottoms” within months. CNN founder Ted Turner has died at 87, remembered as a pioneering media mogul and philanthropist.
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