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U.S. oil falls below $90 on report Iran agreement would restore Hormuz traffic in one month
U.S. crude oil prices fell about 5% Wednesday on a report Iran would restore traffic through the Strait of Hormuz as part of a framework deal with the U.S.
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fortune.com
Oil drops as U.S. says deal with Iran and Hormuz reopening is near | Fortune
Global crude benchmark Brent fell as much as 5.2% to $98.12 a barrel, while West Texas Intermediate was near $92.
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scmp.com
Crude oil drops as US inches towards Iran deal to reopen Strait of Hormuz
The strait – which links the region to world markets – has been subject to a double blockade, with curbs imposed by both Iran and the US.
