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Oil Supply Recovery May Not Trigger Price Collapse, Experts Say
A major energy consultancy expects up to 75% of oil flows through the critical Strait of Hormuz to return to the market by year-end, easing concerns about a major crude glut. However, analysts don't expect a sharp price drop in 2027, with oil likely to stay in the $50s to low $60s per barrel as long as U.S.-Iran tensions persist.
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