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Crude oil holds above $87 as US-Iran deal hopes, Hormuz reopening prospects fizzle

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677059_074703_updates.jpg A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. — Reuters

Crude oil prices rose more than 5% on Monday.Trump says US Navy controls the Strait of Hormuz.Oil, products exports through Hormuz fell to 3m bpd last week.

Source: Geo News
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