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.
Oil prices have extended their decline to four-month lows, driven by easing tensions between the US and Iran. This development is expected to facilitate smoother crude flows through the Strait of Hormuz and potentially increase Iranian oil sales. Discussions are underway…
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