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Strait of Hormuz Constraints Keep Oil Prices Elevated - Crude Oil Prices Today | OilPrice.com
Overview
Oil prices have been kept elevated by constraints around the Strait of Hormuz, and market tightness has proven persistent. The OPEC+ modest production raise could offset some supply pressure, but shipping risk premiums are likely to remain until transit through the strait is reliably restored.
Entities
ORGOilPrice.comLOCUnited StatesLOCIranLOCStrait of HormuzTsvetana Paraskova
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