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Oil prices fall to pre-war levels in the Middle East
Oil prices declined today, with Brent crude dropping by 3.05% to reach $74.73 per barrel, and West Texas Intermediate falling by 3% to $71.02. The decline was driven by reduced concerns about supply disruptions and easing tensions in the Strait of Hormuz. Additionally, U.S. President Donald Trump criticized oil companies for not lowering gasoline prices in line with the drop in oil prices and ordered an investigation into the matter.
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