Oil prices rise as U.S. and Iran fight for control of Strait of Hormuz - CNBC

Source: CNBC

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DW NOTE

Iran still controls the strait's flow rate — 24 ships crossed yesterday versus 51 the day before, and that's with a ceasefire supposedly in place. Oil dropped 36% from the crisis peak, but the blockade never fully lifted. Markets priced in normalization that hasn't arrived.

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