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According to the plan, if either party encounters issues with the supply of crude oil or petroleum products, both sides will adjust supplies to each other through a swap mechanism. In the event of a supply-demand crisis, both parties will also avoid unnecessary export restrictions and strengthen cooperation in crude oil procurement and transportation, jointly enhancing their negotiation capabilities with major resource-producing countries and improving logistics security.

The total investment for the project is $30 million, marking an important step forward for the company in capacity expansion and manufacturing layout. The new factory is expected to significantly enhance Shoals Technologies Group's production capabilities and further consolidate its market position in the solar and renewable energy equipment sectors.

According to a diplomat from a NATO member state, the proposal has received support from several member states of the North Atlantic Treaty Organization (NATO), but has not yet achieved the unanimous consent required for approval. An alliance led by France and the United Kingdom is formulating a plan aimed at ensuring the safety of navigation in the Strait of Hormuz as soon as there is a de-escalation on the front lines. WTI crude oil futures continue to fall by more than 1%, currently trading around $103.