Hormuz Crisis Reshapes Global Energy Landscape
Oil prices have dropped to their lowest level since the start of the war between the United States and Israel against Iran, following the signing of a temporary ceasefire agreement and the opening of the Strait of Hormuz. Brent crude contracts fell to $78.53 per barrel, and West Texas Intermediate to $75.31, reflecting the impact of tensions on the energy market. The International Energy Agency confirmed that the crisis has reshaped the global energy landscape and influenced countries' policies, while OPEC maintained its expectations for global oil demand growth in the coming years.
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