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Oil sinks to three-month low on hopes of Hormuz reopening

Euronews · Jun 17, 2026, 6:01 AM · Also reported by 2 other sources

Why this matters: an international story with cross-border implications worth tracking.

Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end, paving the way for a recovery in supplies from one of the world's most important oil-exporting regions.

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