BUSINESSCBS NEWS
Oil prices near pre-war levels as shipping ramps up on Strait of Hormuz
Oil prices are approaching pre-war levels as shipping activity increases through the Strait of Hormuz. The U.S.-Iran agreement appears to be holding, leading to a decline in oil prices with more ships navigating the Persian Gulf.
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Adjacent reporting
- Oil prices near pre-war levels as shipping ramps up on Strait of Hormuz
- Oil prices erase wartime gains as supply concerns ease with Hormuz tanker traffic resuming
- Oil prices fall on US, Iran deal announcement
- Stocks leap worldwide, and oil prices drop after the US and Iran reach a tentative deal on their war
- Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz