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Gulf crude exports recover, easing Strait of Hormuz fears

Original: strait of hormuz

Oil prices have fallen as crude exports through the Gulf recover, easing concerns about shipments through the Strait of Hormuz, the chokepoint that carries a large share of the world's oil. The Wall Street Journal reports exports are returning to normal levels. Markets had been rattled by threats to shipping in the strategic waterway, and the rebound in flows has reassured traders about supply security.

Why now: Traders and readers are tracking whether Gulf oil exports through the Strait of Hormuz are safe after recent disruptions.

Strait of HormuzWall Street Journal

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Evidence

• Iran has lost considerable leverage in the Strait of Hormuz. It can’t go on like this forever · CNN
• Mideast Crude Oil Flows Hit 98% of Pre-War Level, JPMorgan Says · Bloomberg.com
• Oil Prices Fall as Gulf Crude Exports Recover · WSJ

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