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The Iran oil shock taught traders these key lessons about demand and China
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The Iran oil shock taught traders these key lessons about demand and China

MarketWatch · Jun 18, 2026, 7:38 PM

Global oil prices on Thursday touched their lowest level since the U.S.-Israeli war with Iran began almost four months ago. That marks a drop of more than 30% from their May peak and likely averts the disaster commodity experts had warned about as one of the largest crude supply shortages in history

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