Categories: Business

Oil prices dip near $75 per barrel mark as Middle East turmoil cools

Oil prices have significantly declined, nearing pre-conflict levels as hopes rise for a US-Iran agreement. This potential deal could reopen the Strait of Hormuz, a crucial oil transit route, though full restoration of production may take considerable time. Concerns remain regarding the truce’s durability and Iran’s control over the strait.

The News Vista

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The News Vista
3 months ago

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