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Oil Prices Drop as Strait Reopens | Salt Lake City News
Oil prices are falling again as OPEC Plus ramps up production by 188,000 barrels a day, following the reopening of the Strait of Hormuz after Iran’s blockade. This move coincides with travel season and aligns with predictions from a former White House economic advisor. High-level talks in Qatar are underway, with U.S. officials — including those close to the former president — working toward a lasting resolution. The former president even declared a permanent toll-free Strait of Hormuz and lifted the U.S. naval blockade, signaling a major shift to let oil flow freely. Listen in comfort:Get a…
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