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Source:
وكالة بغداد اليوم الاخبارية
EIA: Strait of Hormuz aids oil export recovery
The U.S. Energy Information Administration indicates that improved navigation through the Strait of Hormuz will support the recovery of oil exports from the Middle East. During periods of shipping disruptions, oil producers resorted to alternative routes and ship-to-ship transfers to bypass restrictions, leading to a decline in global inventories and rising oil prices in international markets.
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