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Oil tops $90 after Iran ceasefire

Oil tops $90 after Iran ceasefire

The article primarily covered the decline in oil tanker traffic through the Strait of Hormuz and confirmed that the oil economy has exceeded $90 a barrel for the first time since the ceasefire between the U.S. and Iran, reflecting rising oil prices and their impact on the global market. It also pointed to ongoing regional tensions, along with reports of massive profits from signatures by sports stars and record-breaking numbers in the 2026 World Cup, along with a quick overview of political and security developments in the region.

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