Oil Prices Might Not Go Back to Normal Anytime Soon
There’s a big difference between reopening the Strait of Hormuz on paper and resuming the flow of oil through it.
Oil Prices Tumble on Hormuz Reopening Hopes
- Global oil prices break below $80 for the first time since the Iran war began. Ships still aren’t passing through Hormuz. MarketWatch —
- Oil Falls Below $80 For First Time in More Than Three Months Bloomberg —
- Oil drops below $80 on US-Iran deal Vanguard News —
- Oil prices fall back to US$80 per barrel amid optimism over Mideast peace deal Global News —
- Oil Falls Below $80 For First Time in More Than Three Months 📹 Bloomberg — · 3min