Oil Prices Drop Nearly 3% on Strait of Hormuz Relief Hopes, Remain Above $100
Global crude Oil Prices fell sharply on Monday, dropping nearly 3 % after new signals from the United States hinted at possible relief from disruptions in the Strait of Hormuz. However, the lack of progress in US-Iran negotiations kept prices well above the $100 mark. Oil Prices React to Geopolitical Signals International benchmark Brent crude