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Topic: strait-of-hormuz

An oil tanker at sea (file photo)
Business
Tuesday, 6/30, 10:22 AM

Hormuz shipping rebounds faster than feared as oil prices ease

  • Tanker traffic through the Strait of Hormuz is recovering more quickly than analysts expected after last month's confrontation between the United States and Iran, prompting Morgan Stanley to cut its oil-price forecast as crude prices settle and the two sides prepare to talk.

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