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Oil prices plummet as a potential US-Iran peace agreement sparks optimism. With negotiations nearing completion, the reopening of the vital Strait of Hormuz could reshape the global energy landscape.
Gulf nations are invoking force majeure on gas exports amid escalating tensions in the region, disrupting global energy markets and causing oil prices to soar over $100 a barrel.
The war in Iran is evolving into a global crisis, shaking diplomatic foundations and challenging international law, as Tehran asserts its right to self-defense amid rising geopolitical tensions.
