WS #10587
Brent crude falls to pre-war levels below $76/barrel as diplomatic progress on reopening the Strait of Hormuz continues, countering the energy supply crisis thesis. Israeli defense minister says military will not withdraw from southern Lebanon even if demanded by the US, an escalation signal.
Strait of Hormuz De-escalation / Oil Price Drop
Brent crude falls to pre-war levels below $76/barrel as diplomatic progress on reopening the Strait of Hormuz continues, countering the energy supply crisis thesis.
Israeli defense minister says military will not withdraw from southern Lebanon even if demanded by the US, an escalation signal.