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The Nexus
WORLDJun 16 · 16:50 UTCMARKETWATCHMyra P. Saefong

Global oil prices break below $80 for the first time since the Iran war began. Ships still aren’t passing through Hormuz.

Global oil prices have fallen below $80 for the first time since the Iran war began. Shipping data indicates significantly reduced tanker traffic through the Strait of Hormuz.

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