Oil prices dropped below $80 a barrel Tuesday on optimism over the promised reopening of the Strait of Hormuz, easing inflation pressures on global economies. The drop accelerated to more than five percent after a report by the Wall Street Journal that Washington could ease sanctions on Iranian crude as part of the deal to end the war in the Middle East, allowing Tehran to immediately sell crude and refined oil products.International benchmark Brent North Sea crude fell to a three-month low under $79 per barrel.
Oil drops below $80 on US-Iran deal
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Story Timeline
Fri 09:27 - Le Figaro
Reopening of the Strait of Hormuz, nuclear program, frozen assets... What the agreement between the United States and Iran could contain
Sat 05:21 - La Libre (BE)
LIVE - War in the Middle East: The United States says it has shot down Iranian drones, despite optimism for an agreement
Sat 07:59 - Le Figaro
LIVE - War in the Middle East: the United States claims to have shot down Iranian drones despite optimism for an agreement
Sun 16:23 - Le Figaro
“This agreement would reward Iranian intransigence”: between Washington and Tehran, a bad peace would prepare for the next war
Mon 04:50 - Le Figaro
“Crucial step”, “long-term reopening of Hormuz”: the main reactions in the world after the agreement between the United States and Iran
Mon 07:21 - Le Figaro
European stock markets celebrate the peace agreement between the United States and Iran, the CAC40 jumps 1.60%
Mon 13:15 - Le Figaro
Poorly received in Israel, the agreement between the United States and Iran weakens Benjamin Netanyahu
Mon 16:00 - Al-Monitor
Oil plunges, stocks jump on US-Iran peace deal
Tue 14:30 - Al-Monitor
Oil drops below $80 on US-Iran deal