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‘Mini tsunami’ of oil headed for global markets after reopening of Strait of Hormuz — for now
New York Post
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A “mini tsunami” of oil is flooding the global market after the Strait of Hormuz opened and trapped tankers are finally freed, dropping prices to nearly pre-war levels — but the relief might not last long.
August oil futures — contracts to buy at a coming date — dropped to about $70 per barrel Wednesday,...
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