Business
Oil Prices Ease as World Powers Race to Reopen Hormuz and Flood Markets with Supply
Oil prices edged lower on Friday as Western powers and Japan signaled a coordinated push to reopen the Strait of Hormuz — but beneath the brief relief lies a crisis that runs far deeper. With Brent crude still above $108 a barrel, European gas prices up 60% since the Iran war began, and an estimated 10 to 14 million barrel-per-day supply gap looming, diplomacy is buying time—not solutions. The infrastructure is damaged, the routes are disrupted, and the world is watching
Read Full Story
