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Market Impact: 0.72
CNBC Daily Open: Crude flows back at prewar levels, but at what cost?
Source: CNBC
Energy Markets & PricesGeopolitics & WarInflationTrade Policy & Supply Chain
Crude exports through the Strait of Hormuz have recovered to prewar levels, easing immediate concerns about physical supply disruptions. However, sharply elevated retail fuel prices continue to pressure the global economy, sustaining inflation and weighing on consumer demand despite the export normalization.
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