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The Nexus
BUSINESSMay 24 · 22:01 UTCBLOOMBERGNicholas Lua

Oil Drops as US Says Deal With Iran and Hormuz Reopening Is Near

Oil prices dropped as the US announced a potential deal with Iran and the reopening of the Hormuz Strait. Japanese Prime Minister Sanae Takaichi initiated a review of oil-related products amid concerns over shortages and economic impacts from the Iran war.

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Sanae TakaichipersonJapanplaceUnited StatesplaceIranplaceHormuz Straitplaceoil-related productstopic
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