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$89 per barrel

Coverage of $89 per barrel in the Nexus archive.

Earliest in view: May 27 · 13:38 UTCMost recent: May 27 · 13:38 UTC

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SECURITYMay 27 · 13:38 UTCNY POST
Oil plunges to $89 per barrel after Iran reports that peace deal would reopen Strait of Hormuz in 1 month
Oil prices dropped to $89 per barrel as reports indicated a proposed Iran-US peace deal could reopen the Strait of Hormuz within one month, reducing geopolitical tensions. The development eased concerns over potential disruptions in oil shipments through the strategic waterway.