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Last Middle East Oil Shipment Signals Rising Fuel Prices Ahead

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The arrival of the last oil tanker from the Middle East to California marks a critical juncture in the global oil supply chain. This shipment, carrying about 2 million barrels of crude oil, is the final delivery that could help buffer the impact of the ongoing conflict in the region, particularly the closure of the strait of Hormuz, a vital passage for oil transport.

As the conflict escalates, California, which already faces the highest gas prices in the US, will need to seek alternative oil

Sources
theguardian.com

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