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Oil prices fall to prewar levels on rising Middle East supply (opens original article in a new tab)

TL;DR

Oil prices dropped to prewar levels as Middle East supply increased, with US Energy Secretary noting near-normal flows through the Strait of Hormuz. Iran's potential sales also impacted global oil prices.

  • Oil prices fell to prewar levels due to increased Middle East supply
  • US Energy Secretary noted near-normal flows through the Strait of Hormuz
  • Iran's potential increase in crude sales affects global oil prices

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