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Oil Slumps Below $90/bbl Amid Strait of Hormuz Tensions

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Oil Corn
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Oil prices continue to decline after settling 3.89% lower yesterday and breaking below $90/bbl.

The Strait of Hormuz has become a critical risk metric in the market, with oil-flow surveillance playing a key role.

Russia's Agriculture Ministry is considering suspending floating export duties on wheat, barley, and corn until the end of 2026.

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