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Bloomberg Markets

Oil Traders Say Billion-Barrel Hole Will Linger Long After War

Oil Traders Say Billion-Barrel Hole Will Linger Long After War
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The impact of the Iran war will continue for months even after any deal to restore shipping through the Strait of Hormuz, the world’s largest oil traders have warned. Some said flows through the waterway may never return to normal. Speaking at the FT Commodities Global Summit in Lausanne, executives at some of the world’s largest oil traders warned that the rewiring of the oil market would take mo

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