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Oil prices fall after Vance says more than 12 million barrels exit Strait of Hormuz
Oil prices were little changed Thursday after Vice President JD Vance said tankers with more than 12 million barrels crossed the Strait of Hormuz overnight.
Summary
Oil prices were little changed Thursday after Vice President JD Vance said tankers with more than 12 million barrels crossed the Strait of Hormuz overnight. "That is a high since the beginning of the conflict," Vance told reporters at a White House press briefing. CNBC was not immediately able to confirm the number. Around 14 million barrels per day of oil and 6 million bpd of refined products passed through Hormuz before the Iran war.
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