10 Hrs
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الاقتصادية
Oil drops as Strait flow expected to ease
Oil prices declined by 0.5% today, with Brent contracts falling to $76.71 per barrel and WTI to $72.85. This came amid indications that the tankers stranded in the Gulf since the start of the war will be departing the Strait of Hormuz. The easing of tensions between the United States and Iran, along with the possibility of oil exports resuming through the strait, have put downward pressure on prices. Market watchers are then monitoring the resumption of shipments and production in the region.
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