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9.2

Oil prices drop as Iran-Gulf talks on Hormuz ease supply fears

Brent crude fell 2.81% to $104.61 and WTI 2.37% to $100.05 after Iran and Gulf countries announced talks over the Strait of Hormuz, calming market fears of supply disruption. The IEA also forecast lower demand, adding downward pressure. However, tensions from the Yemen conflict persist, keeping the risk of supply shocks elevated.

Clarínabout 3 hours agoIR, AE, SA, YECredibility 34%View source

Score Breakdown

Mosaic Score9.2
Confidence0.7
Significance0.8
Source credibility0.3

Intelligence Tags

#oil#strait of hormuz#iran#gulf#iea#supply

Locations

Strait of Hormuz

Entities

countrycountrycountrymarketmarketregion
Source

Related signals

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