_1777294237270_124456903.png&w=48&q=75){kind=small}
Oil drops as Strait of Hormuz reopens
Oil prices declined by more than 1%, reaching their lowest levels in about four months, amid signs of a resumption in tanker traffic through the Strait of Hormuz following increased tensions, and the United States waiving sanctions on Tehran for 60 days, allowing Iran to resume oil sales. Diplomatic efforts between Oman and Iran are intensifying to discuss management of navigation through the strait, despite American warnings against imposing transit fees, while the United Nations launched a plan to evacuate stranded vessels.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)