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HomeBusinessCrude plummets as US-Iran talks raise hopes of reopening Hormuz

Crude plummets as US-Iran talks raise hopes of reopening Hormuz

NEW YORK/DUBAI: Global crude oil prices tumbled on Wednesday as emerging diplomatic signals over a potential U. S. -Iran agreement to reopen the strategic Strait of Hormuz relieved acute supply disruption concerns across global markets. International benchmark Brent crude fell to $78. 30 a barrel, slipping below the $78 mark during intra-day trading for the first time since The post Crude plummets as US-Iran talks raise hopes of reopening Hormuz appeared first on MM News.

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