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Petroline pipeline

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Hormuz Strait oil supply disruption

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Latest: Saudi Arabia intercepts Iran‑backed drones amid US‑Iran cease‑fire

The March‑May closure of the Strait of Hormuz slashed daily crude flows from about 20 million barrels to 2.7 million, but ample global surplus, strategic reserves and rapid private‑inventory draw‑downs kept Brent near $7