The Guardian Australia – Business
·business
·2 hours ago
Oil prices tumble amid hopes strait of Hormuz will soon reopen
Oil prices fell 4% on Monday as Brent crude dipped below $84 a barrel amid optimism over a US-Iran peace deal that may soon reopen the strait of Hormuz. US President Trump announced that a deal is 'now complete,' though complexities remain with negotiations on nuclear issues. Analysts warn that further price drops could be limited.
Summary by Glance · The Guardian Australia – Business
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