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, driven by the normalization of flows through the Strait of Hormuz. This retreat brings crude near a four-month low, with discussions ongoing about potential further drops below $50.
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