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Hormuz Flows Ease Oil Fears, Saudi Air-Raid Alerts, Qatar Urges Gulf Unity, Trump-Xi Summit Nears

Summary by BizToc
Oil extends losses and Asian stocks edge higher as crude and LNG shipments through the Strait of Hormuz reach a six-month ...

6 Articles

The strengthening possibility of diplomatic contact between the US and Iran, and statements that energy flows through the Strait of Hormuz have reached "six-month highs," are easing stress on oil and fuel prices. Brent crude fell to $101.7 per barrel in the first trades of the new week. While uncertainties in the region persist, attention is focused on potential Middle East summits this week, which may take place within the framework of the UN G…

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