Oil prices dropped significantly as the US and Iran reached an interim agreement to end the war, reopen the Strait of Hormuz, and lift sanctions on Tehran's oil. This deal, aiming to restore pre-war conditions, could resolve a major energy supply disruption and potentially lead to a global oil surplus by 2027.
Oil prices dropped significantly as the US and Iran reached an interim agreement to end the war, reopen the Strait of Hormuz, and lift sanctions on Tehran's oil. This deal, aiming to restore pre-war conditions, could resolve a major energy supply disruption and potentially lead to a global oil surplus by 2027.
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Oil prices dropped significantly as the US and Iran reached an interim agreement to end the war, reopen the Strait of Hormuz, and lift sanctions on Tehran's oil. This deal, aiming to restore pre-war conditions, could resolve a major energy supply disruption and potentially lead to a global oil surplus by 2027.
