STRESSGeopoliticalRegional
Oil Declines as US, Iran Said to Explore Deal to Open Hormuz
Published:
News summary
US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, similar to the memorandum of understanding struck in mid-June. Charles Gorrivan reports on Bloomberg Television.
- Importance
- Critical · 98/100
- Impact direction
- Mixed