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Big Take

There’s War in the Middle East. Why Are Oil Prices Falling?

23 Jun 2025

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The conventional wisdom used to be that war in the Middle East would send oil prices soaring. Not anymore.On today’s Big Take podcast, Bloomberg Opinion’s Javier Blas and host Sarah Holder talk about the emergence of the US as the world’s largest oil producer — and how that new power dynamic is playing out in the war in Iran.See omnystudio.com/listener for privacy information.

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