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Oil prices under new wave of pressure amid lingering questions over a Strait of Hormuz reopening
MarketWatch
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The US and Iran concluded an agreement to address the regional conflict, with the US withdrawing its naval blockade while Iran reopened the Strait of Hormuz to global shipping. Commercial vessels will operate without fees for 60 days under the terms, after which Iran intends to establish maritime charges to fund waterway operations. Markets have reacted positively, with approximately 80 million barrels of crude oil waiting to transit the previously closed shipping route.
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A flurry of headlines on Friday point to an increasingly fragile deal between the U.S. and Iran. ...
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