Oil slips over 4% after US, Iran reach peace deal, reopen Strait of Hormuz - Reuters
Oil slips over 4% after US, Iran reach peace deal, reopen Strait of Hormuz Reuters
Coverage by Political Leaning
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Notable Quotes
"Ships of the world, start your engines. Let the oil flow."
— Donald Trump , Politician
"This is great news."
— Takashi Hiroki , Executive
"the Strait of Hormuz would be open 'toll free' and that a US naval blockade of Iranian ports would also end."
— Donald Trump , Politician
"While these uncertainties suggest upside risks to our forecast for Brent oil futures to reach US$80/bbl by the end of the year, it’s worth noting that oil flows through the Strait of Hormuz just needs to reach 60-70 per cent of prewar levels to return oil markets to prewar oversupply expectations."
— Vivek Dhar , Other
"Beyond the immediate price reaction, attention will now shift toward the pace of actual supply normalization and compliance with the agreement."
— Priyanka Sachdeva , Other
Key People
Former president of the United States known for his aggressive economic policies.
JD Vance is a United States Senator from Ohio and a prominent figure in conservative politics.
Kazem Gharibabadi is Iran's Deputy Foreign Minister.
Priyanka Sachdeva is a senior market analyst at Phillip Nova.
Takashi Hiroki is the chief strategist at Monex.
Tim Waterer is the chief market analyst for KCM Trade.
Vivek Dhar is a commodities strategist at the Commonwealth Bank of Australia.
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<a href="https://news.google.com/rss/articles/CBMivAFBVV95cUxPRlI0MmRwak0ycnVHVW5fbFVZVXNaN3N3d2xXVXFRM1dLcXNiZWFuV014X3ppWTZ4MlVBY2dJYmdLSzNfN0xRekZYZl9IMXB0OHdRTVlIVmZiRWc5TkR6VnpocnczTWFZaGx3TlhUdUtfbzdEeUF2YnA5VERfU2JLTU8wNEt5bnB0cGNPYlJSR0lqR2RkVjNnQkRBUlFWblpVdkpnaHMwVk9PRHZaaWxNS0h5c3paeDhYVWZnNA?oc=5" target="_blank">Oil slips over 4% after US, Iran reach peace deal, reopen Strait of Hormuz</a> <font color="#6f6f6f">Reuters</font>
Oil prices dropped after the U.S. and Iran reached a deal to halt the war and resume traffic through the Strait of Hormuz.
The U.S. and Iran reached a deal to reopen the Strait of Hormuz, leading to a drop in oil prices.
Oil prices fell over 4% after the U.S. and Iran agreed to halt the war and resume traffic through the Strait of Hormuz.
Oil prices slumped more than 4% after the U.S. and Iran reached a peace agreement to end months of conflict and reopen the Strait of Hormuz.
Oil prices declined after the U.S. and Iran agreed to halt the war and resume traffic through the Strait of Hormuz.
Oil prices fell after the U.S. and Iran reached a deal to halt the war and resume traffic through the Strait of Hormuz.
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