16 Hrs
Source:
الصباح
Oil falls 1% on Strait of Hormuz focus
Oil prices declined by more than 1% amid signs of a return of oil flows through the Strait of Hormuz following talks between the United States and Iran. Brent crude fell to $76.81 per barrel, and West Texas gas to $72.99, after the United States granted Iran a 60-day exemption from sanctions. This led to U.S. crude inventories dropping to their lowest levels since 1983, amid ongoing tensions between Washington and Tehran over control of the strait.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)