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15.10.26 - 04:42
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Oil prices fall $1 after touching three week high amid Middle East tensions (Times of India)
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Oil prices have dipped as investors assess potential shipping threats in the Strait of Hormuz. The uptick in prices was initially fueled by recent assaults on Saudi Aramco and provocations from Iran. The Trump administration is mulling over the possibility of loosening sanctions on oil vessels to alleviate shipping costs, particularly given the surge in freight prices....
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14.10.26 - 23:01
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Oil Gains as Middle East, Russia Hostilities Imperil Flows (Bloomberg)
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Oil gained Wednesday as hostilities intensified from Russia to the Middle East, threatening supply flows that only recently recovered to near pre-war levels.
Brent traded above $106 after Iran-backed Houthi rebels launched missile and drone strikes across Saudi Arabia, including a hit that damaged Saudi Aramco's headquarters. That added to an escalation in Iranian attacks on tankers in the Strait of Hormuz that's threatening a rebound in Gulf supply. We discuss the latest energy headlines with Rob Barnett, Senior Energy Analyst for Bloomberg Intelligence. (Source: Bloomberg)...
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