EnergyHighReportedAccelerating
8.9
Oil Retreats on US-Iran Ceasefire Hopes, Strait of Hormuz Reopening
Al Jazeera AR·US · IR · SA·about 22 hours ago
Saudi Arabia has loaded 14 million barrels of oil onto tankers, but faces the challenge of exporting through the Strait of Hormuz without US support, which was not forthcoming over the weekend. The situation suggests heightened risk of disruption to Gulf oil flows, with implications for global energy markets.
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