Big Oil Is Raking In Billions From the Iran War. -2-

0238 GMT - Iron ore futures fall in Asian trade. The decline is likely due to ongoing oversupply concerns, say ANZ Research analysts in a note. Imported iron ore inventories at Chinese ports are staying elevated, they say. Inventories at Chinese steel mills also rose 8% last week. The most-traded iron-ore contract on the Dalian Commodity Exchange drops 0.3% to 740.50 yuan a ton. (megan.cheah@wsj.com)

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