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Crude oil stands at $75 as tankers head to Hormuz after four months of chaos
The Times of India
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Crude oil prices dipped Friday as tanker traffic through the Strait of Hormuz improved, easing supply disruption fears.
This comes despite recent tensions after a cargo ship near Oman was struck, with Iran reportedly firing at the vessel.
While geopolitical risks linger, oil shipments through the strait have seen an uptick following a ceasefire.
Venezuela's oil production may also face challenges due to power outages following recent earthquakes. ...
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