Oil Set for Deep Weekly Loss as Hormuz Traffic Starts to Inch Up (opens original article in a new tab)
Oil headed for a substantial weekly drop as the US-Iran interim peace deal saw shipping through the Strait of Hormuz start to return to normal, easing the global crude market’s biggest ever supply shock.
- Oil headed for a substantial weekly drop
- US-Iran interim peace deal saw shipping through the Strait of Hormuz start to return to normal
- global crude market’s biggest ever supply shock eased
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