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Oil prices drop to cheapest level since early days of Mideast conflict

A ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. (Getty Images Europe)
A ship remains anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran. (Getty Images Europe)

This article was originally published on June 14, 2026.

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