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Oil prices tumble over 10% as Iran signals open shipping route during ceasefire

Oil prices tumble over 10% as Iran signals open shipping route during ceasefire

Oil prices saw a sharp drop on Friday, falling by more than 10% and continuing a downward trend from earlier in the week. The decline came after Iran signaled that commercial ships could continue moving through the Strait of Hormuz during the current ceasefire period, easing concerns about disruptions to global oil supply. Brent crude [...] Vivek Waghmode

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