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Iran states it will permit some ships to pass through the strait, causing international oil prices to give back gains
Odaily Planet Daily reports that international oil prices have pulled back from their gains, with U.S. and Brent crude oil prices narrowing to 7.6% and 6% respectively, at $95.26 and $96.9 per barrel. On the news front, Iran’s Deputy Foreign Minister stated that some ships had been previously allowed to pass through the Strait of Hormuz. (Jinshi)