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Tag: global oil supply

Oil prices settled down more than 7 per cent, losing more than $5 a barrel after Iran took no action to disrupt oil and gas tanker traffic.
Business
  • Reuters
  • Jun 24, 2025
Oil settles down 7 per cent after Iran attacks US military base in Qatar

Brent’s 7.2 per cent drop was the steepest since August 2022.

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