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Middle East Oil Markets Weaken on Optimism Over Increased Supply

Bloomberg

BusinessBloomberg·Jun 16, 2026·1 min read

Middle East Oil Markets Weaken on Optimism Over Increased Supply

Middle Eastern crude markets weakened as the US-Iran agreement to reopen the Strait of Hormuz spurred optimism around an increase in flows from the oil-rich region.

View original source — Bloomberg ↗

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