Explained: Oil Prices Ease On US-Iran Deal Momentum; Can They Revert To Pre-War Levels?
Oil prices eased below eighty dollars a barrel on Wednesday after optimism grew around a tentative US-Iran deal to halt the war. Markets welcomed the chance of Strait of Hormuz, the key artery for global oil and gas, reopening, sending prices sharply lower on Tuesday and easing further below on Wednesday.
