Oil prices dipped Friday as tankers resumed passage through the Strait of Hormuz following a U.S.-Iran peace deal. The agreement is expected to release millions of barrels of oil and lift sanctions, increasing global supply. While some producers are ready to resume exports, ongoing conflict in Lebanon casts doubt on the deal's long-term stability.
Oil prices dipped today as tankers resumed passage through the Strait of Hormuz following a U.S.-Iran peace deal. This agreement is expected to significantly increase global oil supply by releasing millions of barrels and lifting sanctions. However, ongoing conflict in Lebanon…
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