Forecast of imminent oil release in Strait of Hormuz

Global oil prices are heading downward amid the possibility of a significant return of stranded oil in the Arabian Gulf, following the implementation of an agreement between the United States and Iran. It is expected that approximately 93 million barrels of non-Iranian oil will be released, along with the liberation of another 72 million barrels currently floating. Recent data indicates that around 54 supertankers remain detained within the Gulf shipping lane, which reinforces expectations of an increased future oil supply.

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