Oil Prices Drop Sharply as Israel and Iran Agree to Ceasefire
Oil prices fell nearly 5% following Israel's agreement to a ceasefire with Iran, easing fears of global supply disruptions caused by the conflict.
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Articles tagged with "Oil Prices" • 2 articles found
The Significance of the Strait of Hormuz in Global Oil Supply
The Strait of Hormuz plays a critical role in global oil transportation, with about 20% of the world's oil passing through this narrow shipping lane. The potential closure of this vital route by Iran could have far-reaching effects on the global economy.
