Iran Allows Some Ships to Pass Through the Strait, International Oil Prices Give Up Gains
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Golden Ten Data reported on March 12 that international oil prices have retraced their gains. The increases for WTI and Brent crude oil have narrowed to 7.6% and 6% respectively, with prices at $95.26/barrel and $96.9/barrel. In terms of news, Iran's Deputy Foreign Minister stated that some vessels were previously allowed to pass through the (Hormuz) Strait.
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