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