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Oil futures were on track to tally a third-straight weekly loss on Friday — but after President Trump confirmed Iran violated its cease-fire deal with the U.S. by attacking a ship in the Strait of Hormuz, some analysts believe prices have fallen "too far, too fast."
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The cost of crude has become a real-time barometer of the Iran war's toll on the global economy.
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Oil prices drop as more ships move through the Strait of Hormuz Yahoo FinanceOil Prices Return to Prewar Levels After Four Months The New York TimesU.S. oil plunges below $70 as ships keep crossing strait of Hormuz Los Angeles TimesOil price falls to levels not seen since before Iran war BBCDow Jones Top Energy Headlines at 11 AM ET: Oil Futures Fall With Focus on Increasing Supply | Saudi ... Moomoo
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