Oil Gains on Near-Deal for Hormuz Route Between Iran and Oman
TL;DR Summary
Oil extended gains after Iran said a Hormuz deal with Oman is in its final stages and would include a temporary safe shipping route, signaling potential changes to shipping through the Strait of Hormuz as tensions rise; with WTI above $92 and Brent near $97, prices have jumped more than 30% since February amid attacks on energy facilities and continued Middle East volatility.
- Oil Extends Gain as Iran Says Hormuz Deal With Oman Is Close Yahoo Finance
- Oil Near $100 as Iran Says Hormuz Deal With Oman Is Close Bloomberg.com
- Iran proposes Hormuz shipping corridor as tanker war with US escalates Lloyd's List
- Iran Says Strait of Hormuz Deal With Oman Just Days Away Yahoo Finance
- Oman quietly rejects Iran’s pitch for Strait of Hormuz fees — despite IRGC claim of deal nypost.com
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