23 Hrs
Source:
وكالة صدى نيوز
Oil steadies ahead of US Iran talks
Oil prices fell below $4,000 per barrel amid market attention to the peace talks between the United States and Iran and the resumption of shipping traffic through the Strait of Hormuz. Prices had declined by about one-third over the past three months, with expectations of an increase in supply surplus by the end of July due to rising flows through the strait and increased production from Russia and Iran. Traders are awaiting the release of U.S. oil inventory data today, amid concerns over a potential oil glut due to rising production and regional escalation risks.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)