Economic TimesLean R·
Oil prices extend decline on expectations of smoother crude flows via Hormuz
Oil prices dipped to four-month lows as tensions eased between the US and Iran, paving the way for more tankers to navigate the Strait of Hormuz. Following peace talks and a sanctions waiver, Iran's oil sales are expected to increase. Discussions are ongoing regarding navigation in the vital waterway, with ship-tracking data indicating a gradual resumption of traffic.
Read at Economic Times →
