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Brent tops $73 as renewed U.S.-Iran strikes keep Hormuz on edge, leaving oil markets vulnerable to sharp summer price swings.
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DNO suspended oil production in Iraqs Kurdistan region as a precaution following coordinated U.S. and Israeli strikes on neighboring Iran, the company confirmed on Saturday.
Alternative export routes, smuggling activity, and weaker Chinese demand may have reduced the effective impact of the Strait of Hormuz disruption far below initial estimates.
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