Oil slides to early-March lows on Iran deal boosting supply outlook
TL;DR
Oil prices fell to their lowest levels since early March as a potential U.S.-Iran peace deal raised expectations of higher global crude supply, with Brent around $78 and WTI near $75; a large U.S. stock draw supported near-term demand, but uncertainty over deal implementation kept further losses in check.
- Oil prices hit lowest since early March as Iran deal boosts supply outlook Investing.com
- Oil prices continue slide amid hopes for peace, opening of Strait of Hormuz Al Jazeera
- Middle East crude slips into discounts as U.S.-Iran deal lifts supply outlook Reuters
- View / Hormuz will never really be open again Semafor
- Stocks Have Even More Room to Fly if Hormuz Reopens WSJ
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