Economic TimesLean R·
Brent crude falls 3%, drops below $75/bbl for first time since US-Iran war began
Global oil prices tumbled as signs emerged of increased tanker activity in the Strait of Hormuz, potentially signaling Iran's return to the market. Analysts suggest this, coupled with eased hostilities and a U.S. sanctions waiver, is pressuring prices. Despite encouraging signs, uncertainty lingers over the durability of U.S.-Iran nuclear talks, with some experts warning markets may be too optimistic.
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