CNBC·3 min read·hard
Oil rises amid supply fears on Iran's draft plan for Strait of Hormuz
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Spencer Kimball, Justina Lee
✦AI Summary
Oil prices remained stable as markets await a potential agreement to secure navigation through the Strait of Hormuz. Meanwhile, Iran has drafted a plan that could restrict transit for certain nations.
Oil prices were little changed Friday as investors waited for an agreement teased by the Trump administration earlier this week to open the Strait of Hormuz to freedom of navigation.
businesseconomypolitics
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