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Oil prices fall $2 on Iran-Oman talks to reopen Strait of Hormuz
Source: The Globe and Mail
Energy Markets & PricesGeopolitics & WarTrade Policy & Supply Chain
Oil prices dropped over $2/bbl to a two-week low as Iran–Oman talks revived expectations that the Strait of Hormuz could reopen. The prospect of reduced shipping constraints points to easing supply risks in the Middle East. The negative price reaction suggests markets are repricing near-term supply and logistical availability.
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