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الخليج
Oil down as 20M barrels pass Hormuz
Oil prices continued to decline on Thursday, approaching pre-war levels after a preliminary agreement was reached to de-escalate tensions between the United States and Iran. Brent crude fell to approximately $73.34, while U.S. West Texas Intermediate dropped to around $70.07 per barrel, with over 20 million barrels passing through the Strait of Hormuz within 24 hours. This movement boosted market optimism about the stability of supplies.
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