EU Reports Middle East Oil Rebound
The European Union's Oil Coordination Group stated that oil flows from the Middle East are slowly recovering following a preliminary agreement to end Iran's war, but the arrival of these supplies to Europe is expected to take time. They noted that commercial shipments began to recover after the memorandum of understanding between the United States and Iran, but it will take more time for oil to reach Europe. Currently, the market situation is considered stable, thanks to withdrawals from global reserves.
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