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Hormuz Deadlock: Where oil prices could head next as prospects for an imminent deal fade
Oil traders remain hopeful regarding the potential reopening of the Strait of Hormuz. However, this hope is unsustainable as prospects for an imminent deal are fading.
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Adjacent reporting
- Oil prices tumble amid hopes strait of Hormuz will soon reopen
- Oil May Hit New Highs If Hormuz Doesn't Reopen: Commerzbank
- Hormuz reopening to release wave of oil supply, depress prices
- Oil Rises as Hormuz Stays Shut for Third Month After Talks Stall
- US says Iran Hormuz deal could come 'today or tomorrow' as oil prices plunge