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Oil prices fall as UAE facility reopens; Trump escort plan gets cool reply

By Frank Prenesti

Date: Monday 16 Mar 2026

(Sharecast News) - Oil prices fell back from their highs on Monday after a key UAE loading facility restarted operations following an Iranian drone attack, amid demands from the US for its allies to join a maritime coalition to protect shipping through the vital Strait of Hormuz.
As the US-Israel war...

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