Crude oil prices have retreated more than 36% from the highs of nearly $120 per barrel reached during the peak of the recent US-Iran war in the Middle East earlier this year.
Crude oil prices have fallen over 36% from their peak of nearly $120 per barrel earlier this year. This decline is attributed to the normalization of flows through the Strait of Hormuz following the US-Iran tensions. Prices are now near a four-month low, with speculation about…
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