Alternative pipelines, spare capacity and military-protected routes have helped keep global oil supplies sufficient despite the closure of the key shipping route, though workarounds remain costly
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Alternative pipelines, spare capacity and military-protected routes have helped keep global oil supplies sufficient despite the closure of the key shipping route, though workarounds remain costly
The ASX 200 fell 0.76% as rising oil prices linked to uncertainty over a US-Iran peace deal outweighed stronger Australian employment data and hopes of easing rate pressure.
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