Oil Prices Slide as Iran Floats Strait of Hormuz Reopening Deal With US
Iranian state television outlined a draft US-Iran framework on Wednesday. It would lift the US naval blockade and reopen the Strait of Hormuz to pre-war commercial traffic within a month. WTI crude slid 2.7% within 30 minutes of the broadcast hitting social channels. The move dragged US oil futures below $89 per barrel and shook...
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