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Strait of Hormuz Reopened: Oil Prices Drop

Published 1 week, 6 days ago
Description

President Trumps Strategic Petroleum Reserve release and Jones Act waiver aim to ease high oil prices, but experts question their impact. The Strait of Hormuz remains a key concern, with violence nearly halting shipping and prices soaring. Allies support efforts to secure safe passage, potentially driving prices below pre-conflict levels.

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