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The World Is Draining Oil Reserves, Raising Pressure for a Peace Deal
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The World Is Draining Oil Reserves, Raising Pressure for a Peace Deal

NY Times · Jun 12, 2026, 9:05 AM · Also reported by 3 other sources

The amount of oil and fuel stored by businesses and governments has fallen sharply since the start of the U.S.-Israeli war against Iran.

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CNBC Luxury stocks spike on proposed U.S.-Iran peace deal; LVMH up 5% Bloomberg Markets European Bonds Surge as Trump Touts Progress on Iran Peace Deal MarketWatch Oil prices extend declines on possible U.S.-Iran peace deal to reopen Strait of Hormuz

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