Oil drifts lower as Strait of Hormuz reopens, focus shifts to demand outlook
Maria Sandu
Oil was in choppy trade on Friday, as markets assess the implications of the interim U.S.-Iran deal and signs that shipping activity through the Strait of Hormuz is recovering. International benchmark Brent crude futures for August fell 0.45% to $79.49 a barrel. U.S. West Texas Intermediate futures for July declined 0.31% to $76.36 per barrel. Vice President JD Vance said tankers with more than 12 million barrels crossed the strait overnight. "The Iranians, for the second night in a row, did
astăzi