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Oil Gains, Stocks Drop on Iran Blockade Report
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· 1d
Iran FLOODED with unsold oil amid US blockade
FOX Business anchor Cheryl Casone breaks down Iran’s unsold oil inventory as the U.S. blockade in the Strait of Hormuz continues on ‘Fox & Friends First.’
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UAE quits OPEC as oil cartel takes blow during war on Iran
The UAE’s decision to quit OPEC to prioritise its ‘national interests’ deals a blow to the oil group already grappling with the challenge of shipping Gulf exports through the Strait of Hormuz.
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· 1d
Oil prices rise as no end to Iran war stand-off seems in sight
Ship-tracking data revealed significant disruptions in the region, with six Iranian oil tankers forced to turn back due to the U.S. blockade.
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