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Oil Prices Return to Prewar Levels After Four Months

The cost of crude has become a real-time barometer of the Iran war’s toll on the global economy.

Gregory Schmidt, Rebecca F. Elliott and Lisa Friedman
Author: Gregory Schmidt, Rebecca F. Elliott and Lisa Friedman

Written by

Gregory Schmidt, Rebecca F. Elliott and Lisa Friedman

in

Inflation (Economics), International Trade and World Market, Oil (Petroleum) and Gasoline, Prices (Fares, Fees and Rates), Ships and Shipping, United States Economy, US and Israeli Attack on Iran (2026)
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