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Oil Prices Drop on Prospect of Iran Deal, but Investors Aren't Celebrating Yet
Oil Prices Tumble as Deal to End Iran War Appears Close, Though Trump Says There's No Rush
Ships Get in Position for Oil to Start Flowing From the Gulf
Express News | The Dow rose 1%, while the S&P 500 and Nasdaq gained 0.6%, as WTI crude fell 0.9% after Iran said talks remain focused on ending the war, with nuclear issues not yet under discussion and no agreement close at this stage.
IEA Director Warns: Global Oil Market Could Enter 'Danger Zone' This Summer
① IEA Executive Director Fatih Birol stated that the global oil market could soon enter a 'danger zone' as global crude inventories continue to decline and summer travel season drives a rebound in demand. ② Birol also noted that the most critical measure to address the energy shock triggered by the conflict involving Iran is the full and unconditional reopening of the strategically vital Strait of Hormuz.
Oil Prices Drop as Trump Says Iran Negotiations Are in 'Final Stages'