Oil prices have declined as tankers resume operations in Middle East conflict zones. Brent crude is trading around $71.46 per barrel while WTI stands at approximately $68.59. This decline follows a period when tanker traffic through the strategically vital Strait of Hormuz had sharply decreased due to heightened risks. Despite the resumption of operations, oil markets remain sensitive to potential supply disruptions in the region. Analysts note a reduction in the likelihood of crude oil reaching a new all-time high before September 30.
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