Brent Dips Under $80 as Iran Deal Signals Fresh Oil Supply
TL;DR Summary
Brent crude fell below $80 a barrel for the first time in more than three months as a US-Iran deal to reopen the Strait of Hormuz boosts expectations of more supply, with banks trimming Brent forecasts and traders pricing in increased Middle East output and a release of millions of barrels stored in tankers.
- Brent Oil Falls Below $80 With US-Iran Deal Set to Add Supply Bloomberg.com
- Potential End of War Tests Trump’s Promise of Quick Economic Rebound The New York Times
- Oil markets bet Trump would chicken out on Iran. They won Reuters
- Hormuz Reopens as Traders Price Out the War Premium Crude Oil Prices Today | OilPrice.com
- Brent oil dips below $80 per barrel for first time since March CNBC
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