Quartz·2 min read·medium
Oil is sliding toward a weekly loss as Iran-Oman Strait of Hormuz talks hit obstacles
✦AI Summary
Oil prices are trending downward as negotiations to reopen the Strait of Hormuz face significant hurdles. Disputes over fees and ongoing U.S. sanctions are complicating efforts to restore full transit through this critical global energy chokepoint.
Fee disputes and U.S. sanctions concerns are complicating a proposed deal to reopen the strait, through which a fifth of global oil normally flows
businessworldeconomy
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