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Crude oil drops as US inches towards Iran deal to reopen Strait of Hormuz

  • Posted on May 24, 2026
  • By South China Morning Post
  • 0 Views
  • 1 min read
Crude oil drops as US inches towards Iran deal to reopen Strait of Hormuz
Crude oil drops as US inches towards Iran deal to reopen Strait of Hormuz

The strait – which links the region to world markets – has been subject to a double blockade, with curbs imposed by both Iran and the US.
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South China Morning Post

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