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Iran War Forces a Rewrite of Global Oil Trade Routes

Oil prices are about to book yet another weekly gain as the war in the Middle East remains hot, with a pessimistic outlook.

  • Iran war disrupts global oil trade routes
  • Strait of Hormuz handles 6-8M barrels daily vs 20M pre-conflict
  • Saudi Arabia redirects oil exports via Bab el-Mandeb Strait

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