The Guardian Australia – Business
·business
·2 hours ago
Oil and gas supplies remain low despite reopening Strait of Hormuz
Oil and gas supplies may take months to recover to pre-crisis levels, despite a potential reopening of the Strait of Hormuz. Prices for Brent crude have dropped to $83 per barrel, but experts predict continued high prices as stockpiles remain depleted. A full return to normalcy hinges on US-Iran cooperation amid rising political pressures.
Summary by OZbrief · The Guardian Australia – Business
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