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Middle East Oil Markets Weaken on Optimism Over Increased Supply (opens original article in a new tab)

TL;DR

Middle East oil markets weakened as US-Iran agreement to reopen Strait of Hormuz spurred optimism about increased oil supply.

  • Middle East oil markets weakened
  • US-Iran agreement to reopen Strait of Hormuz
  • Optimism over increased oil supply from the region

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