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Oil Prices Stabilize as Israel-Iran Tensions Ease, Strait of Hormuz Remains Unaffected
Oil Prices Stabilize as Israel-Iran Tensions Ease, Strait of Hormuz Remains Unaffected
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BTCCSquare news:
Crude oil prices edged up 1% today but remain below pre-conflict levels after Israel and Iran agreed to a ceasefire. The truce has held despite initial violations, easing fears of a broader regional conflict that could disrupt energy markets.
The Strait of Hormuz—a critical oil shipping channel under Iranian influence—continues operating normally. Analysts note Iran's reliance on oil exports makes blockage unlikely. With tensions cooling, Wall Street anticipates range-bound or declining oil prices barring new escalations.
Light crude futures have dropped 8% year-to-date, reflecting improved supply stability. The market now watches for sustained de-escalation and uninterrupted Hormuz transit as key price determinants.
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