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The article discusses Iraq's negotiations with the United States and Iran regarding the security of oil exports passing through the Strait of Hormuz, amid ongoing tensions in the region. It indicates that Iraq is seeking to ensure the safe flow of its oil exports, especially given concerns that the escalating crisis could lead to oil prices rising to levels as high as $120 per barrel. The report also examines the impact of the crisis on the global oil market and the possibility of tightening supply restrictions due to weakened understanding among major regional powers.
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