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Doha talks help stabilize oil markets
Energy markets recorded a decline in prices following the easing of tensions in the Strait of Hormuz due to understandings between the United States and Iran, with the price of Brent crude stabilizing around $73.06 per barrel — the lowest level before the conflict. Financial experts also anticipate an oil surplus of approximately 4.8 million barrels per day by 2027, despite continued limited transit of tankers through the strait amid security tensions. The international community is working to enhance freedom of navigation and stabilize the market through initiatives such as the Omani maritime corridor, while shipping companies continue to face pressures from increased insurance costs and safety requirements.
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