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Oil prices dip near $70 per barrel mark as Middle East turmoil cools

Times of India

BusinessTimes of India·Jun 17, 2026·1 min read

Oil prices dip near $70 per barrel mark as Middle East turmoil cools

Oil prices have significantly declined, nearing pre-conflict levels as hopes rise for a US-Iran agreement. This potential deal could reopen the Strait of Hormuz, a crucial oil transit route, though full restoration of production may take…

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