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الاقتصادية
Oil stabilizes ahead of Strait of Hormuz reopening plan
Oil prices stabilized after their largest decline in over two weeks, amid anticipation of details from an American-Iranian agreement aimed at reopening the entire Strait of Hormuz. The agreement is expected to be signed in Switzerland on Friday, while the U.S. president announced that the strait will be open, with prices around $84 for Brent and $80 for Texas crude, despite uncertainties about the details that make the market cautious. It is expected that restoring oil supplies to pre-conflict levels will take a few months, as concerns continue regarding shipping safety and operational regulations.
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