With optimism continuing that a tentative U.S.-Iran deal on their war will reopen the Strait of Hormuz at the end of the week and get the global flow of oil going again, the price for a barrel of Brent crude fell 5.4% to $78.66.
Brent crude oil prices have fallen 5.4% to $78.66 per barrel, dropping significantly below the $80 mark. This decline is fueled by growing optimism surrounding a potential U.S.-Iran deal. A successful agreement could lead to the reopening of the Strait of Hormuz, increasing the…
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