Oil Prices Fall on Reports of Cease-Fire in Lebanon, Resumed Hormuz Shipping
Oil was dropping following multiple reports that Israel had agreed to a ceasefire with the Iranian-backed Hezbollah militia in Lebanon, potentially unlocking U.S.-Iran peace talks.
Hormuz Reopening Shifts Focus to Gulf Oil Storage and Shipping
Recovery hinges both on whether tankers can freely transit the strait, and if the region's oil producers can load enough crude once these vessels are ready to sail, according to Rystad Energy.
Oil Prices Settle Near Prewar Prices, Gas Falls Below $4 After Iran Deal Is Signed
