US and Iran on the Brink of a Breakthrough: Opening of the Strait of Hormuz and Oil Price Drop
US Treasury Secretary Scott Bessent stated that Washington and Tehran are close to an agreement to open the Strait of Hormuz. 🚢⚖️ Amid news of a possible breakthrough, oil prices fell by 4%. Oman will play a key role in the new shipping control mechanism. 📉🛢️
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