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The Economic Times

Economy / The Economic Times

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Middle East oil price war heralds post-conflict glut: Bousso

The Strait of Hormuz has become a bustling corridor for Middle Eastern oil, with exports rising sharply since September. However, the ongoing constraints in demand and refining capacity alongside dwindling global crude inventories mean that producers are slashing prices to lure in buyers within a fiercely competitive arena. Analysts foresee a possible surplus driven by increased output from Gulf nations, and a stable peace could exacerbate market dynamics.

9 Nov 2026 12:55 pm