Oil prices fall after reserve draw
The article discussed the latest developments in the oil market, where the International Energy Agency Forecasted a continued worsening of the global oil supply deficit until 2026. Oil production in the Middle East remains below pre-conflict levels. Oil prices rose by more than 2% following attacks on Saudi Arabia and the Strait of Hormuz. The article also covered the situation in Gaza, where Israeli shelling resulted in the deaths of 8 people, including a woman, and injured others. The ongoing shelling of transport convoys and targeting of livelihoods are increasing both military and humanitarian escalation in the region.
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