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Washington — May 6, 2026, 07:16 EDT. Brent crude sank under the $100 mark Wednesday, down roughly 9% to $99.79 a barrel as tracked by The Guardian, after President Donald Trump hit pause on the U.S. “Project Freedom” push in the Strait of Hormuz. Fresh headlines pointing to progress on a potential U.S.-Iran framework deal nudged expectations that the conflict’s trajectory might be changing. (The Guardian) This isn’t just any maritime corridor. According to the International Energy Agency, roughly 20 million barrels per day of crude and oil products crossed the Strait of Hormuz in 2025—about a quarter of all

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