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Oil prices fell on Monday after crude exports from the Middle East increased and the Group of Seven (G7) nations pledged to boost supplies, though selling was limited by ongoing disruption fears linked to the US-Israeli war on Iran.
Saudi Arabia's rebound has more than offset declines seen among the other Gulf players, accounting for all of the region's net export growth and more.
Nasser said emergency releases of strategic petroleum reserves by major economies may provide short-term relief