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Oil extends drop as Iran TV says it has seen draft deal with US to reopen Hormuz
LONDON, May 27 : Oil extended losses on Wednesday, falling over 5 per cent after Iranian state TV said it had seen a draft of an initial, unofficial framework for an agreement with the United States on ending their conflict and reopening the Strait of Hormuz.The report, plus a pick-up in tanker traffic throu
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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.
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gmanetwork.com
Oil slips to two-week low as US and Iran seen moving closer to deal
Oil prices fell about 5% to two-week lows on Monday as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz,…
