Oil drops to pre-war levels as shipping recovers
Global oil prices have fallen back to pre-American-Israeli war levels on Iran, with shipping activity through the Strait of Hormuz returning to near-normal after over 20 million barrels were transported in the past 24 hours. This comes amid diplomatic efforts to foster dialogue regarding an agreement with Tehran, amidst logistical and regional tensions, as well as internal US disagreements over policies related to Iran and the Middle East.
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