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A deregulated market delivers efficiency only when competition exists. A monopoly without effective regulation does the opposite. It transfers wealth from consumers to the dominant producer....
Global oil prices dropped sharply after Iran announced that the Strait of Hormuz would remain open to commercial shipping during an ongoing ceasefire in the...
US President Donald Trump has called on OPEC and Saudi Arabia to reduce global oil prices, while also urging central banks worldwide to cut interest rates....
