Crude slips toward $70 as tankers return to Hormuz after US-Iran reach peace deal
Crude oil prices have plummeted towards pre-war levels as tanker traffic through the Strait of Hormuz resumes, alleviating supply worries. Following a surge past $126, oil is now hovering around $70. Improved shipping and potential Iranian exports have eased fears of disruptions, leading to a significant price drop. Traders are now anticipating a surplus as physical crude trades at discounts. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/5p3msAf >
