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Oil prices still above pre-war levels despite US-Iran truce hopes
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Global oil prices have seen a significant drop following signs of de-escalation in Middle East tensions, spurred by a US-Iran memorandum of understanding. While this offers relief to consumers, questions linger about the speed of supply recovery. The Strait of Hormuz, a vital oil route, is expected to reopen, potentially easing inflationary pressures. What's Your Reaction?
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