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Iran announces it will waive fees for the Strait of Hormuz during a 60-day negotiation period, potentially easing tensions in the strategic maritime corridor.
Planned US-Iran peace talks in Switzerland were cancelled after VP Vance withdrew and Iran cited Israeli attacks on Hezbollah in Lebanon as reason for postponement.
IEA forecasts UAE oil production to reach 5.2M bpd in 2027, driven by OPEC exit, ADNOC expansion, and Hormuz bypass infrastructure development.
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