Oil prices plunge as US and Iran pause strikes over Strait of Hormuz

🇫🇷 Euronews (FR) —

AI Summary

Oil prices have declined following a pause in military strikes by the US and Iran near the Strait of Hormuz, easing from recent highs. This reduction in tensions has impacted global energy markets and geopolitical dynamics in the Persian Gulf.

Oil prices eased in early trading on Monday, falling further from a two-month high set last week, after the United States and Iran refrained from launching military strikes in the Persian Gulf.

World Security Conflict Politics Markets Commodities Energy Shipping oil prices US-Iran relations Persian Gulf Strait of Hormuz military strikes energy markets geopolitics

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