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Oil prices may drop to forty amid easing tensions
An economic expert expects oil prices to decline to around $40 per barrel after the geopolitical tensions with Iran subside, leading to an increase in oil supply in global markets and easing inflationary pressures on major economies. Analysts link the current rise in crude prices to security concerns related to the Strait of Hormuz, but price stability remains dependent on regional stability and the return of supply chains to normal, especially as U.S. Treasury yields decline due to these developments.
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