WS #10783
Crude oil prices falling sharply as Strait of Hormuz traffic improves and supply concerns diminish, with Brent and WTI on track for weekly losses of nearly 10% and 8.5%. Israel and Lebanon sign US-brokered framework agreement in Washington, launching formal talks and reducing geopolitical risk.
Oil supply de-escalation
Crude oil prices falling sharply as Strait of Hormuz traffic improves and supply concerns diminish, with Brent and WTI on track for weekly losses of nearly 10% and 8.5%.
Israel and Lebanon sign US-brokered framework agreement in Washington, launching formal talks and reducing geopolitical risk.