US nears Hormuz deal, aiming for Wednesday announcement – Axios
According to a report from Axios, the United States (US), Iran, and Oman are closing in on an interim agreement to reopen the Strait of Hormuz, with the U.S. aiming for a Wednesday announcement, sources report.
Market reaction
The WTI Oil price has faced selling pressure after the news release. At press time, the WTI Oil price trades a little over 1% down at around $73.60.
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