OilPrice · · 1 min read

Oil Prices Reflect Optimism That Hormuz Has Yet to Justify

Crude oil prices ended the second quarter of the year with the steepest decline since 2020, with Brent shedding close to 40% on optimism about a peace deal between the United States and Iran. But it may be too early to celebrate, ING commodity strategists said today. Traffic in the Strait of Hormuz

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