Oil prices fall to pre-war levels
Oil prices have fallen to levels seen before the US-Iran war, with Brent crude dropping to $77.69 and West Texas Intermediate to $74.90. This decline follows a temporary agreement that allows ships to pass through the Strait of Hormuz without fees, aimed at restoring shipping activity to pre-war levels. analysts expect oil exports to return to normal by the end of July, with production recovering by October. Meanwhile, forecasts continue to indicate that prices will remain around $75 per barrel in the foreseeable future.
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