ConflictCriticalConfirmedAccelerating
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Oil prices spike following direct U.S.-Iran kinetic exchange in Strait of Hormuz
OilPrice.com·US · IR · JO·about 16 hours ago
Oil production in the Kurdistan Region of Iraq has reached 230,000 barrels per day following previous conflict-related disruptions. Concurrently, regional authorities are negotiating with Baghdad to lower subsidized gasoline prices, signaling ongoing fiscal and energy policy friction between Erbil and the federal government.
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