Dossier
Claudio Galimberti
Coverage of Claudio Galimberti in the Nexus archive.
- Oil prices hit three-month lows on US-Iran agreement
Oil prices fell to three-month lows as the US and Iran agreed to end a US blockade of Iranian ports and reopen the Strait of Hormuz. Analysts note ongoing challenges in restoring normal oil flows despite improved market sentiment.
- Oil prices drop to cheapest level since early days of Middle East conflict
Crude oil prices dropped nearly 13% as markets anticipate a deal to end the war with Iran, with Brent crude at $83 and West Texas Intermediate at $80. The deal, expected to reopen the Strait of Hormuz, involves President Trump, Iranian leaders, and Pakistani negotiators, aiming to ease global oil supply disruptions and reduce inflationary pressures.