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Hormuz Strait Oil Leak
Despite three months of war blocking the Strait of Hormuz, global oil prices have remained relatively stable, partly due to clandestine oil flows estimated at over two million barrels daily. These covert shipments, likely evading detection, have helped offset the supply shock, although some experts warn that declining stockpiles and reduced demand—particularly from China—mask the full severity of the crisis. Market analysts warn that prices may soon rise significantly as stockpiles deplete and the true impact of the blockade becomes more apparent.
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