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.
Brent crude prices tumbled by 3%, falling below $75 per barrel for the first time since the US-Iran war began. This drop is attributed to increased tanker activity in the Strait of Hormuz, signaling Iran's potential return to the market. Eased hostilities and a U.S. sanctions…
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