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Oil’s Next Move May Hinge on Hormuz, Not OPEC  | Presented by CME Group

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March 4, 2026

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OPEC’s move to accelerate the unwind of its 2023 cuts was clearly aimed at calming oil markets rattled by Middle East tensions. But if flows through the Strait of Hormuz are disrupted, will extra supply make any difference? Presented by @cmegroup

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