Hormuz Shipping Normalizes
Brent crude falls to pre-war lows as tanker traffic resumes steady flow through the Strait of Hormuz, easing supply fears and removing the risk premium.
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- EVENTRussian analysts see balanced forces for ruble as equities look oversold
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- EVENTBrent crude retreats to pre-war lows as Hormuz shipping normalizes
Easing supply fears drive oil prices to lowest levels since February, though Greek subsidy cuts keep local costs elevated.