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Gulf conflict would see oil prices spike, ease, jump again: research
July 16, 2019 14:50 pm
LONDON, July 16: Oil would initially jump by $15-20 a barrel if Iran blocked the Strait of Hormuz, but prices would ease immediately once U.S. forces engaged, said U.S. consultancy Rapidan, which analyzed scenarios entailing oil flow disruption after a conflict.
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