Oil stabilizes at pre-war levels
Oil prices declined significantly as concerns over disruptions in shipping through the Strait of Hormuz eased. Brent crude fell to its lowest level since February of the previous year, reaching $75.79 per barrel, while West Texas Intermediate dropped to $71.98. President Donald Trump also criticized oil companies for not reducing prices in line with the decline in crude prices and announced an investigation into the matter. Meanwhile, other sources expressed optimism that shipping through the strait would return to normal after safety guarantees were secured for mariners.
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