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Tehran Talks Soothe the Tape, Not the Waterway
Brent slipped about 1% to $114.81 on revived US–Iran diplomacy, but a day earlier the IRGC had declared the Strait of Hormuz closed and transits had collapsed to roughly four vessels a day on the most-cited count — a figure that varies sharply by tracker, and a reminder that a lower futures print is not a functioning physical supply system.
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