Oil drifts lower as Strait of Hormuz reopens, focus shifts to demand outlook
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Source: CNBC
Published: 2026-06-19 13:24 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Iran, Energy, Trade & Sanctions, Business & Economy
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Snippet:
Oil was in choppy trade on Friday, as markets assess the implications of the interim U.S.-Iran deal and signs that shipping activity through the Strait of Hormuz is recovering.
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