The Zambian Observer
Oil prices tumble as Iran reopens Strait of Hormuz WTI crude fell sharply to around $83 a barrel after Iran announced it is reopening the Strait of Hormuz to commercial traffic for the remainder of the ceasefire. The move unwinds much of the recent geopolitical risk premium that had lifted prices above $100 amid tensions […] The post Oil prices tumble as Iran reopens Strait of Hormuz first appeared on The Zambian Observer .
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