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Extreme Networks (EXTR) Q1 2027 Earnings Call Transcript

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Iran Eyes $130 Oil While at Least 50 Tankers Sit Stuck in the Gulf

An oil price of $130 per barrel could be one of the scenarios of Iran’s economic planners preparing the budget for the next Iranian year starting March 2027, according to Iranian media.

  • Iran may budget for $130 oil price in 2024, as reported by Fars News Agency.
  • At least 50 Iranian tankers stranded in Gulf due to U.S. blockade.
  • Iran's oil exports significantly decreased since August, with floating storage nearly drained.

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