Crude shipments through the Strait of Hormuz increased this week to their highest level since the US-Iran war began in February after a ceasefire deal reopened the waterway, data showed.
Crude oil prices have fallen, with Brent crude dropping below $75 a barrel. This decline is attributed to increased shipments through the Strait of Hormuz. The waterway reopened following a ceasefire deal, leading to the highest shipment levels since the US-Iran war began in…
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