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المشهد العربي
World Bank forecasts Brent above $90
The World Bank expects Brent crude oil prices to surpass $90 per barrel this year, due to escalating conflict in the Middle East, which has led to the largest oil supply shocks in history. Previously, forecasts had indicated prices would decline to below $60, owing to increased supply and slowing demand. The Deputy Chief Economist explained that oil shipments through the Strait of Hormuz are gradually returning to pre-conflict levels, reinforcing the likelihood of further price increases.
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