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Market move▲ Bullish for Indian equities
Oil Prices Fall as Middle East Crude Exports Recover But Shipping Risks Remain
The brief
- Oil prices fell as Middle East crude exports recovered
- Traders also weighed renewed shipping risks and a larger U.S. military buildup
- Lower crude prices can ease costs for Indian refiners, while shipping risks threaten supply routes
- September LNG shipments through Hormuz hit highest since start of US-Iran war
- Hormuz crude flows return to pre-war levels, yet oil may still stay at $90–$100 | Here's why
- The Bond Rout Is Deepening Even as Oil Tankers Return to the Strait of Hormuz
- Indian refiners hire tankers to collect crude inside the Persian Gulf
- Oil rebounds as Middle East supply and shipping risks persist