WTI crude oil falls below $70: Geopolitical premium completely wiped out, "double whammy" of inflation and rate hike expectations
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International oil prices plunged sharply on Wednesday. U.S. WTI crude oil futures fell below the $70 mark, and Brent crude oil hit the lowest level since the eve of the Iran war. As stranded oil tankers gradually left the Strait of Hormuz, market expectations for the return of Iranian