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أخبار الخليج
Oil falls amid Iran and Oman talks
Oil prices declined by more than 2% after rising for over a week, due to setbacks in talks between Oman and Iran regarding navigation security in the Strait of Hormuz, and ongoing disruptions to oil flows in the Middle East. Shipping activity data indicate a reduction in maritime traffic through the strait to six ships, compared to an average of 11 ships, with expectations that oil prices will not fall below $80 soon unless there is a sudden announcement of the strait's opening. This is attributed to persistent oil supply shortages and escalating tensions in the region.
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