1 Day
Source:
المشهد العربي
Global oil prices hit March lows
The global energy markets experienced a sharp decline in oil prices, dropping to their lowest levels since March. This followed the U.S. President's announcement of a preliminary understanding to open the Strait of Hormuz to international navigation and to lift the maritime blockade on Iranian ports. An official agreement is expected to be signed in Switzerland next Friday. Additionally, the prices of Brent crude fell to $82.83 per barrel, and West Texas Intermediate (WTI) dropped to $79.86 per barrel, representing losses of over 5% in trading sessions.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)