Middle East Oil Markets Weaken on Optimism Over Increased Supply
Middle Eastern crude markets weakened as the US-Iran agreement to reopen the Strait of Hormuz spurred optimism around an increase in flows from the oil-rich region.
By Yongchang Chin · Bloomberg Markets
Middle Eastern crude markets weakened as the US-Iran agreement to reopen the Strait of Hormuz spurred optimism around an increase in flows from the oil-rich region.