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Oil Prices Expected to Return to Normal as Tankers Resume Movement in Middle East
Tankers are expected to resume normal movement in the Middle East within a few weeks, marking the end of an oil price surge triggered by the Trump administration's targeting of Iran.
The energy secretary has stated that tankers are expected to resume normal movement in the Middle East within a few weeks, bringing an end to oil surges driven by a 'fear premium' due to US targeting of Iran. This development is attributed to the decline of a 'fear premium in the marketplace'. Oil prices have been on the rise amid increased tensions between the US and Iran.
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