EU resumes Middle East oil flows

The European Union's Oil Coordination Group stated that crude oil flows from the Middle East are gradually recovering following a provisional agreement to de-escalate tensions with Iran, but it will take some time for these supplies to reach Europe. The statement explained that commercial flows have begun to gradually recover following the memorandum of understanding between the United States and Iran, with the situation remaining stable for now, supported by draws from global reserves.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article