Crude oil falls below $80 after signs of peace in the Middle East
⚡ Quick Summary
International oil prices fell sharply and pierced the barrier of $80 per barrel due to the expectation of the reopening of the Strait of Hormuz and the possibility that Washington would relax sanctions on Iranian oil.
International oil prices fell sharply and pierced the barrier of $80 per barrel due to the expectation of the reopening of the Strait of Hormuz and the possibility that Washington would relax sanctions on Iranian oil. The market is thus moving away from the highs close to $100 recorded during the war in the Middle East.
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