Oil drops as US-Iran draft deal signals possible reopening of Strait of Hormuz

Iran has agreed in principle to reopen the Strait of Hormuz in exchange for the United States lifting its naval blockade and resolving issues surrounding Tehran’s stockpile of…

The plan, under discussion between US and Iran, would reopen Hormuz 30 days after the two countries agree to a deal to end hostilities in the Middle East. | World News

Oil drops as US-Iran draft deal signals possible reopening of Strait of Hormuz