Crude oil prices fell sharply again on Wednesday as tanker traffic gradually recovered through the Strait of Hormuz. The decline also reflects improving momentum in indirect U.S.-Iran negotiations aimed at reducing Middle East tensions, tempering the geopolitical risk premium.
Crude oil prices fell sharply again on Wednesday as tanker traffic gradually recovered through the Strait of Hormuz. The decline also reflects improving momentum in indirect U.S.-Iran negotiations aimed at reducing Middle East tensions, tempering the geopolitical risk premium.
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