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Oil rebounds on uncertainty over Iran peace deal and inventory drawdowns

Oil prices surged Thursday amid persistent supply worries stemming from the Iran war’s uncertain conclusion and a significant U.S. inventory draw. Concerns are mounting over dwindling global stockpiles as the Strait of Hormuz remains largely inaccessible, impacting crucial energy shipments. Analysts suggest a breakthrough in talks is unlikely if concessions aren’t made.

Source :- Markets-Economic Times Read More

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