Oil Prices Surge Amid Iran-Oman Strait of Hormuz Talks
Oil prices rose significantly on Thursday due to ongoing negotiations between Iran and Oman over the Strait of Hormuz. Investors are cautious about the potential outcomes of these talks, which could impact global oil flows. Meanwhile, Iran is reportedly planning to ban ships from certain countries from passing through the strategic waterway. Brent crude oil prices surged past $83 per barrel.4 sourcesSee all sources