Oil prices ease as recovering Hormuz Strait traffic tempers war premium
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Source: CNBC
Published: 2026-07-31 14:10 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Middle East, Military & Defence, Iran, Energy, US Politics, War & Conflict
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Snippet:
Oil prices fell Friday as signs of a recovery in crude flows through the Strait of Hormuz eased supply concerns, after a resumption of hostilities between U.S. and Iran had sent them higher over the past few days.
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