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Iran-US peace deal signed: 62 million barrels set to leave Hormuz as Asia braces for oil glut
The Strait of Hormuz is back in business after more than 100 days of disruption, with over 60 million barrels of crude set to leave the pipeline. Following a US-Iran peace deal, one of the world's most important oil routes is set to reopen, releasing millions of barrels of crude that had been stuck inside the Persian Gulf.
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straitstimes.com
Asia’s oil-thirsty economies cautiously welcome US-Iran deal to reopen Hormuz
Reopening the strait would provide relief across Asia, which consumed about 90% of the oil flowing through it. Read more at straitstimes.com. Read more at straitstimes.com.
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dailysabah.com
Iran, US reach peace deal to halt Mideast war, reopen Hormuz
U.S. and Iranian officials confirmed they have reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary deal that sent oil...
