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Energy Agency Predicts Oil Surplus After Hormuz Opening

Energy Agency Predicts Oil Surplus After Hormuz Opening

The article discussed the escalation between the United States and Iran over the Strait of Hormuz, where the Energy Agency anticipates a tense situation with the reopening of the strait. Meanwhile, Oman and Iran emphasize their commitment to freedom of navigation in the region. Reports also indicate Iranian investments worth $300 billion and welcome a "significant surplus" in oil supply following the reopening of Hormuz.

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