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OilPricesDrop
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#OilPricesDrop
1. Middle East tensions easing (biggest reason)
Prices recently fell over 5% after news of a possible ceasefire in the Middle East �
Reuters
The conflict (especially around the Strait of Hormuz) had pushed prices up earlier
Now, if peace talks succeed → oil supply risk decreases → prices fall
👉 Markets react fast: even hope of peace can push prices down.
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