With the U.S.-Iran agreement appearing to hold, Oman rules out future Strait of Hormuz "transit fees" and oil prices continue their fall.
Oil prices are now nearing pre-war levels as the U.S.-Iran agreement appears stable. Additionally, Oman has confirmed it will not impose any future transit fees for the crucial Strait of Hormuz. This development contributes to the current downward trend in global oil prices.
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