Brent Oil Erases Wartime Gains as Hormuz Reopening Boosts Supply
Brent oil erased all of its wartime gains after flows through the Strait of Hormuz ramped up following progress on a US-Iran peace deal.
Bloomberg's Rob Barnett joins to discuss. (Source: Bloomberg)
Oil Prices Fall Below Pre-War Levels
- Oil Erases Wartime Gains as Hormuz Stockpiles Hit Market Bloomberg —
- Oil back to pre-war levels as Hormuz traffic rebounds, US tries to reassure Gulf allies The Straits Times —
- Oil close to pre-war price as Iran oil hits market, ships transit strait UPI —
- Oil prices at lowest level since start of Iran war Semafor —
- ECB Rate-Hike Forecasts Pared Back as Oil Regains Pre-War Level Bloomberg —