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Energy-led demand for oil rose as US reported destroying additional Iranian oil tankers and striking near Kharg Island; China’s consumer and producer price pressures revived via an energy spike.
At least 20 tankers transited the Strait of Hormuz on Thursday, according to Kpler. That is the highest level of traffic since June 2, the firm said. Iranian supertankers loaded with oil are switching on their transponders as they depart the region after going dark during the war, Kpler said. The majority of the ships