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Monday, July 6, 2026

A Sudden Glut of Oil Threatens to Weaken Iran’s Hand in Talks

Cheaper, more plentiful crude offers countries a chance to restock more quickly and counter Tehran’s Hormuz leverage Oil prices have fallen to prewar levels. Tanker traffic through the Strait of Hormuz is recovering fast. Gulf producers are already restarting idled wells. But one thing will take much, …

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