Oil falls as markets weigh return of supply, peace deal
RTE
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Oil prices extended losses today, as markets weighed prospects for a resumption of supply through the key Strait of Hormuz against shaky physical market drivers and a lack of details from a preliminary deal to end the Iran war.
Oil Prices Tumble on Hormuz Reopening Hopes
- Goldman Sachs slashes oil price forecasts after Iran deal The Telegraph —
- Oil sinks below $80 a barrel as traders bet Hormuz flows will return Financial Times —
- Oil prices dip close to levels seen before Iran war on hopes over shipping route The Argus —
- Nationwide starts race to slash mortgages as oil prices plummet and UK interest rate cuts 'more likely' before year end Daily Mail —
- Petrol could drop by 8p within a fortnight – if Trump’s deal holds The i Paper —