Oil prices spiked amid reports of Iran restricting maritime traffic in the Strait of Hormuz.
Tag: brent
Brent Crude Slumps Below $77 Per Barrel as US-Iran Peace Progress Eases Supply Fears
Oil prices continued their decline as the US-Iran memorandum of understanding raised hopes for reopening the Strait of Hormuz and restoring normal energy flows.
Brent Crude Falls Below $77 a Barrel as US-Iran Peace Deal Progresses
Oil prices continued easing following the US-Iran memorandum of understanding, with WTI also trading under $73; Trump demanded gasoline prices drop faster.