Tag: Oil prices
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Oil prices slip as progress in US-Iran talks eases supply concerns
Oil prices retreated on Monday after signs of progress in US-Iran negotiations eased fears of ongoing supply disruptions in the Strait of Hormuz, a critical global oil transit route.
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Oil falls as supply starts moving through Strait of Hormuz
PERTH: Oil prices fell on Friday (Jun 19) on the prospect of more supply returning to the market after oil tankers began to move through the Strait of Hormuz followin
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Oil sinks further as US and Iran strike deal to end war
Crude prices fell further on Thursday after the US and Iran formally signed a memorandum of understanding aimed at ending the war and reopening the Strait of Hormuz, while equity markets gave a mixed verdict in the wake of the Federal Reserve’s latest decision.
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Oil sinks to three-month low on hopes of Hormuz reopening
Oil prices fell below $80 per barrel as markets grew increasingly confident that the effective closure of the Strait of Hormuz is coming to an end, paving the way for a recovery in supplies from one of the world’s most important oil-exporting regions.
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US-Iran deal: When will oil prices fall?
A potential US-Iran deal to end the war and reopen the Strait of Hormuz could ease the global energy crunch, but oil prices and supplies may take months to stabilize as shipping restarts and infrastructure recovers.
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Oil drops to $80 a barrel and markets rise as Trump touts Iran deal
Oil prices traded over 5% lower on Monday morning after US President Donald Trump announced the completion of the deal with Iran and the reopening of the Strait of Hormuz.
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Energy experts warn of slow oil supply recovery after Iran deal
High oil and gas prices and energy supply problems won’t be solved overnight, despite Sunday’s agreement to end the Iran war and reopen the Strait of Hormuz.
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Oil prices slide after US and Iran sign peace deal
Under the agreement, the key Strait of Hormuz waterway will be reopened, US President Donald Trump said.
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Asian stocks extend rally on Gulf breakthrough hopes, oil hits two-month lows
US President Donald Trump said on Thursday (Jun 11) that a peace deal could be signed as soon as this weekend, hours after threatening more strikes on Iran.
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European markets open cautiously ahead of ECB rate decision
The European Central Bank is widely expected to raise interest rates for the first time since 2023 as policymakers respond to rising inflation fuelled by higher energy prices linked to the Iran war.
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