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Hyundai fully acquires Boston Dynamics to promote robotics technology

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Three Future Oil Price Scenarios Amid Strait of Hormuz Tensions

Three Future Oil Price Scenarios Amid Strait of Hormuz Tensions

The article concerns the growing fears of rising oil prices due to renewed attacks on oil tankers in the Strait of Hormuz, which have led to a reduction in supplies to less than 50% of pre-war levels, causing oil prices to rise again. The report reviews three scenarios for oil prices if supply disruptions continue: in the most pessimistic case, prices could exceed $110 per barrel; they are expected to settle around $80 if tensions gradually ease; and they could drop to $60 if the region quickly returns to stability. The news indicates that continued escalation in the Strait could further decrease oil flows, increasing global concerns and driving prices upward in the future.

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