𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: 𝐂𝐫𝐮𝐝𝐞 𝐎𝐢𝐥 𝐃𝐫𝐨𝐩𝐬 𝐭𝐨 $𝟗𝟓/𝐁𝐚𝐫𝐫𝐞𝐥 𝐚𝐬 𝐒𝐭𝐫𝐚𝐢𝐭 𝐨𝐟 𝐇𝐨𝐫𝐦𝐮𝐳 𝐓𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐄𝐚𝐬𝐞
Crude oil prices fell to $95 per barrel today following U.S. indications that Iranian oil tankers would be permitted to transit the Strait of Hormuz.
The development has calmed market fears of a severe global supply interruption in the region amid ongoing geopolitical strains.
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