Oil back to pre-war levels as Hormuz traffic rebounds, US tries to reassure Gulf allies
Oil prices have returned to pre-war levels as shipments through the Strait of Hormuz rebound to near-normal volumes. The United States is working to reassure Gulf allies following strikes on Iran, with over 20 million barrels passing through the strait in the past 24 hours.
oil prices Strait of Hormuz US Gulf allies shipments rebound pre-war levels
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