economie20 %The strategic passage, which handles 20% of global oil, was threatened by blockades

Reopening of Strait of Hormuz lowers oil prices

Oil prices drop following the easing of tensions in the Strait of Hormuz.

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The fact

The strategic passage, which handles 20% of global oil, was threatened by blockades.

This decline remains fragile due to ongoing geopolitical risks.

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Auto-synthesis from 1 media source · identified on June 29, 2026