U.S. crude futures dip below $90 a barrel for the first time since May 7

Crude is pulling back amid hopes for a peace deal between the U.S. and Iran

Global trading reports indicate that the Strait of Hormuz will be fully reopened in 30 days

A report published by the Nikkei, citing a reliable source, states that the agreed-upon ceasefire between the U.S. and Iran will be extended for 60 days from early April
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