Oil prices stay above $83 with little change
Oil prices remained stable above $83 per barrel amid concerns that the preliminary agreement between the United States and Iran lacks sufficient details to end the war and to prolong the resumption of supplies through the Strait of Hormuz, which previously handled 20% of global oil shipments before the escalation. The full details of the agreement have not yet been disclosed, but indicators suggest the possibility of reopening the strait and a ceasefire for 60 days, while the timeline for the complete resumption of supplies remains unclear.
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