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The Rest of the World Report | Thursday, June 25, 2026 — Morning Edition
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HORMUZ
Brent crude is at $72.68 this morning. On February 27, the day before the war began, it was $72. The war is over in the numbers that matter most to ordinary people.
The Strait of Hormuz is functionally reopening. Tanker traffic has climbed steadily through the week. The UAE is now exporting oil at nearly 85% of pre-war levels. The International…
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