Crude oil falls below $100 as tanker traffic through Hormuz picks up, raising hopes of US-Iran deal
https://www.news18.com/world/crude-falls-below-100-as-tanker-traffic-through-hormuz-picks-up-raising-hopes-of-us-iran-deal-ws-l-10111209.html
Crude oil falls below $100 as tanker traffic through Hormuz picks up, raising hopes of US-Iran deal
https://www.news18.com/world/crude-falls-below-100-as-tanker-traffic-through-hormuz-picks-up-raising-hopes-of-us-iran-deal-ws-l-10111209.html
3 Comments
I give until mid next week.
More market manipulation. It’s literally all it is.
They are mostly headed to China along with SK, Pakistan, Malaysia, India etc. This is definitely real progress, and not market manipulation or something, as those countries badly need oil and gas supply and they secured permission from Iran. The number of stranded tankers is still in the hundreds though, so a few ships here and there won’t make a dent.