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US fears provide some restraint on high oil prices

GEOPOLITICAL tensions kept oil prices high this week, but fears of a recession in the United States and a rise in US refinery output put some pressure on the brakes.

US fears provide some restraint on high oil prices

On Monday, the Pentagon reported that on the weekend five Iranian vessels had threatened to fire on three US Navy boats in the Strait of Hormuz, a vital shipping route through which nearly a quarter of...

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