With immediate supply fears fading and tanker traffic returning to the Strait of Hormuz, traders are turning their attention back to oil demand and OPEC's outlook for the market.
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With immediate supply fears fading and tanker traffic returning to the Strait of Hormuz, traders are turning their attention back to oil demand and OPEC's outlook for the market.
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Eighteen people and four IDF soldiers are also killed in clashes in Lebanon, officials say, despite a truce meant to be in place in the country. Grouped from 29 articles across 8 sources.
The United States and Iran on Wednesday signed the 14-point interim ceasefire agreement to halt the war in the Gulf. The agreement extends a ceasefire first announced in April by 60 days, giving both sides time to… Grouped from 2 articles across 2 sources.
The negotiations were expected to start as soon as this weekend, but Vice President Vance's trip there was put off and Switzerland said the negotiations have been postponed. Grouped from 3 articles across 3 sources.
Fears of summer shortages and $200 oil have been replaced by a focus on looming gluts
Analysts reckon a lasting resolution to the Middle East conflict will take some time to materialize.
Gold prices remain under pressure as Philly Fed Survey rebounds to 10.3 in June teaser image