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Aug 26 at 12:01 AM
International oil prices fell to around $81/bbl (WTI), with Brent crude below $89, as Iran and Oman discussed establishing a temporary joint corridor to reopen the Strait of Hormuz's safe passage.
This price level is gradually returning to rationality; only when crude prices normalize can some extraneous noise be filtered out.
Meanwhile, the US President's tariff trade war is back on the agenda, dealing another blow to capital markets.
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