Oil prices fell in early Thursday trade as easing U.S.-Iran tensions outweighed worries about supply disruptions around the Strait of Hormuz. Reports that Iran could allow ships to pass through the waterway reduced the immediate geopolitical risk premium in crude markets.
Oil prices fell in early Thursday trade as easing U.S.-Iran tensions outweighed worries about supply disruptions around the Strait of Hormuz. Reports that Iran could allow ships to pass through the waterway reduced the immediate geopolitical risk premium in crude markets.
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