Shipping through the Strait of Hormuz has been severely disrupted since the conflict escalated toward the end of February, and renewed clashes between the US and Iran on Monday have raised fresh concerns. Shipping through the Strait of Hormuz has been severely disrupted since the conflict escalated toward the end of February, and renewed clashes between the US and Iran on Monday have raised fresh concerns.
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Over $30/barrel discount, but…: Iraq cuts crude prices, but buyers beware!
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