US EditionIran Opens the Road From Hormuz: the Oil Price Falls to Below 90 Dollars
4 Articles
4 Articles
The markets react with great relief to the Iranian announcement. However, the path to a lasting peace between Iran, the US and Israel remains very stony.
Iran allows commercial navigation on coordinated routes during the truce; the United States retains sanctions and the international community proposes multinational escort Read more Iran opens Ormuz in the truce and oil falls after the announcement in News.es.
The international energy market faces a new episode of volatility after the sharp fall in oil prices, caused by the partial reopening of the Strait of Ormuz. The measure comes after a truce between Iran and the United States, which allowed to resume the maritime transit on one of the most strategic routes for the trade of hydrocarbons. In this scenario, the Brent barrel dropped to 89.43 dollars, registering a decrease of 8.77 dollars, equivalent…
The black gold price suddenly plunged by more than 6% Friday afternoon after Iranian officials announced the reopening of the Strait of Ormuz. Stock markets benefit greatly.
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