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Oil prices dive further on Strait traffic hopes
World News
26-06-2026 | 11:05
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Oil prices dive further on Strait traffic hopes
World oil prices extended sharp losses Friday on optimism for traffic flows in the Strait of Hormuz despite the suspension of a U.N. evacuation program.
The price of Brent North Sea crude, the international benchmark, dived more than five percent to around $71.50 a barrel and the main U.S. contract, West Texas Intermediate, shed 4.5 percent to under $69.
AFP
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