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أخبار الخليج
Oil drops as Strait of Hormuz worries fade
Oil prices declined on Friday morning as investors dismissed the risk of renewed conflict between Iran and the United States and received positive signals regarding shipping activity in the Strait of Hormuz. The price of Brent crude fell by 1.30% to $79.64, while West Texas Intermediate dropped by 1.33% to $67.67. American and Iranian negotiators indicated indirect progress in the ongoing talks in Doha, while oil flow through the Strait of Hormuz remains steady, exceeding 10 million barrels per day.
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