The MOU Low Price on Oil May Not Last – Iran Now Claims Tolls will Start in 60 Days
The recent U.S.-Iran Memorandum of Understanding (MOU) has triggered a wave of optimism in oil markets. Traders are pricing in a swift reopening of the Strait of Hormuz, a rapid normalization of supply chains, and a return to lower pre-crisis price levels. Brent crude has already dropped toward $83–$84 per barrel, with WTI near $80–$81, […]
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