Oil sinks to three-month low on hopes of Hormuz reopening
Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end, paving the way for a recovery in supplies from one of the world's most important oil-exporting regions.
Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end, paving the way for a recovery in supplies from one of the world's most important oil-exporting regions.
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