RTÉ News
Ireland · 3 hrs ago
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Oil dips on signs US is loosening Iranian Hormuz closure
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Oil prices declined 1% following a 6% surge the previous day, driven by signals that the US Navy is reducing Iranian control over the Strait of Hormuz and may improve Middle Eastern supply accessibility.
Oil dips on signs US is loosening Iranian Hormuz closure
Oil prices eased 1% today after climbing by as much as 6% in the previous session on signs the US Navy is loosening Iran's grip on the Strait of Hormuz, potentially opening up supply from the Middle East.
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