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China's expanding role in chips and polysilicon
The oil price rose to its highest levels in more than a week amid ongoing anticipation of developments in the Gulf region, with vessel movements through the Strait of Hormuz declining to six ships. This has heightened concerns over regional tensions that could impact global oil supplies. Additionally, it was reported that the United States is selling off two oil tankers that were confiscated following their operations in Venezuela, while the market continues to monitor the political and military situation in the area.
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