Community Articles
via BeInCrypto · By Lockridge Okoth
Oil Prices Slide as Iran Floats Strait of Hormuz Reopening Deal With US
LO
Lockridge Okoth(02:03 PM UTC)
1 min read
788 views
0 commentsIranian state television outlined a draft US-Iran framework on Wednesday. It would lift the US naval blockade and reopen the Strait of Hormuz to pre-war commercial traffic within a month.
WTI crude slid 2.7% within 30 minutes of the broadcast hitting social channels. The move dragged US oil futures below $89 per barrel and shook risk assets exposed to Middle East volatility.
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on GoogleComments
Comments
Other Community Articles