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Oil prices dip near $70 per barrel mark as Middle East turmoil cools
The Times of India
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Oil prices have significantly declined, nearing pre-conflict levels as hopes rise for a US-Iran agreement.
This potential deal could reopen the Strait of Hormuz, a crucial oil transit route, though full restoration of production may take considerable time.
Concerns remain regarding the truce's durability and Iran's control over the strait. ...
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