11 Hrs
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الاقتصادية
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Oil approaches largest quarterly decline since COVID
Oil prices headed towards their largest quarterly decline since the COVID-19 pandemic, as Brent contracts saw a significant drop in the last quarter following increased flows through the Hormuz Strait. This came amid rising tensions and conflicts between Iran and the United States. Markets still anticipate a supply glut if the recovery in tanker flows continues to reach 65% of pre-conflict levels.
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