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Oil drops 6% in two sessions as Hormuz diplomacy rewrites the risk premium

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Oil prices extended their steep decline on Wednesday as talks between Iran and Oman revived hopes that shipping through the Strait of Hormuz could begin to normalise, removing some of the supply premium that had driven Brent towards $95 onl…

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Oil drops 6% in two sessions as Hormuz diplomacy rewrites the risk premium
Invezz 1h ago

Oil drops 6% in two sessions as Hormuz diplomacy rewrites the risk premium

Oil prices extended their steep decline on Wednesday as talks between Iran and Oman revived hopes that shipping through the Strait of Hormuz could begin to normalise, removing some of the supply premium that had driven Brent towards $95 onl…