BUSINESSSEATTLE TIMES
Oil prices drop on moves to unblock Persian Gulf crude supplies
Oil prices fell as efforts to unblock Persian Gulf crude supplies succeeded, increasing the flow through the Strait of Hormuz. The move eased supply concerns, leading to continued price declines.
Related Signal
Adjacent reporting
- Crude oil drops as US inches towards Iran deal to reopen Strait of Hormuz
- Oil prices continue slide amid hopes for peace, opening of Strait of Hormuz
- Oil prices fall dramatically as Iran announces Strait of Hormuz reopening
- Oil prices fall on hopes of Strait of Hormuz reopening
- Oil falls after US-Iran talks conclude in Switzerland
- Oil prices drop after Trump tries to reassure traders that peace deal is coming