Oil climbs as optimism fades over US-Iran deal to reopen Strait of Hormuz

lalibre.be (French)

Oil prices rose Friday as investors doubted a US-Iran deal to reopen the Strait of Hormuz, leaving markets uncertain. Brent crude gained 1.14% to $83.43; WTI rose 0.84% to $77.94. Asian stocks mostly fell, while European bourses opened higher. Trump said the strait could reopen soon after Iran announced an Omani-brokered route, but reports say the plan includes transit fees rejected by Washington. The strait carried about a fifth of global crude before hostilities resumed in July. Investors awaited US jobs data for Fed policy clues, while gold rose to $4,289 an ounce.


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Oil climbs as optimism fades over US-Iran deal to reopen Strait of Hormuz | News Minimalist