Al-Buzrakan: Strait of Hormuz deal likely imminent

Reports indicate that oil markets are sensing that a genuine agreement to open the Strait of Hormuz is nearing. The director of the Center for Energy Information and Studies confirmed that understandings between Washington and Tehran began ten days before the New York meeting. This suggests expectations that such an agreement would lead to improved global oil supplies, with forecasts of stable oil prices and a forthcoming improvement in the oil market.

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