Crude Prices Retreat as Oil Continues Flowing Through Hormuz Alternatives Amid Regional Tensions

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International Relations

30 July 2026 at 11:28 am

Crude Prices Retreat as Oil Continues Flowing Through Hormuz Alternatives Amid Regional Tensions

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Summary

Oil prices decreased on Thursday despite continued crude flow from the Middle East, even as military actions intensified with US-Saudi strikes in Iraq and Saudi Arabia forming a coalition to protect Red Sea shipping.

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