EconomyOil Holds Three-Day Drop as Iran, Oman Reach Hormuz Agreement
Oil prices moved between modest gains and losses after Iran said it had reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz. Traders are weighing whether the arrangement could help ease energy flows. The market remains focused on the prospects for smoother shipping through the strategic waterway. Oil is holding onto a decline that has now lasted three days.
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Oil Holds Three-Day Drop as Iran, Oman Reach Hormuz Agreement
Economy