Brent crude drops to $77.04
Brent crude futures fell to $77.04 per barrel, while U.S. crude declined to $73.08, as markets focused on the recovery of flows through the Strait of Hormuz. Kamco Invest indicated that approximately 90% of the oil production affected by the war is expected to return to the markets by the end of 2026. Additionally, the United States announced the suspension of its sanctions on Iranian oil until August 21.
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