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الحقيقة الدولية
Oil slides for third day amid supply relief hopes
Oil prices have declined for the third consecutive time, as fears over a disruption in Saudi supplies eased after a partial recovery of the East-West pipeline's capacity. This has led to a drop in Brent crude prices to $104 per barrel and West Texas Intermediate to $101.20. However, transportation risks in the region remain due to heightened tensions in the Strait of Hormuz and the targeting of an Iranian oil tanker. The market continues to await signals of a full restoration of supply and stabilization of the geopolitical situation, with expectations that such developments will lead to lower risk premiums and a return to normal flow of supplies.
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