Oil prices drop near $70 a barrel — lowest level since before Iran war — on hopes for Strait of Hormuz plan
NY Post
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Oil prices fell below $75 a barrel as traders cheered an evacuation plan for vessels trapped in the Strait of Hormuz – hopeful global energy supplies will normalize quickly if the US and Iran can reach a lasting peace agreement.
Oil Flows Resume Through Hormuz as Prices Fall
- 20M barrels of oil just exited the Strait of Hormuz, says US official Global News —
- Oil falls to lowest price since start of Iran war as shipping picks up in the Strait of Hormuz Daily Mail —
- Brent crude drops below $75 for first time since start of US-Israeli war on Iran Middle East Eye —
- Chris Wright says US can control oil flows through Strait of Hormuz even if Iran deal fails Washington Examiner —
- US says 20 million barrels of crude passed through Hormuz in past day Middle East Eye —