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US and Iran said to back Pakistan-brokered proposal; oil prices slip

NewsFeeds update

Israel's Channel 12 reported that a proposal Pakistan's army chief presented to senior Iranian officials has US approval and initial Iranian consent, partly addressing Tehran's demand for frozen funds by transferring interest on $6bn held in Qatari banks. US and Brent crude each fell about $0.80, to $97.51 and $105.76 a barrel.

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