Oil markets are on edge again
For a few weeks this summer you could look at the oil price and forget the Iran war had ever happened. In June America signed a deal with Iran, waiving sanctions on its enemy’s oil exports in exchange for ships’ safe passage through the Strait of Hormuz. As tankers rushed to exit the Gulf, a sudden “mini-glut” pushed Brent futures, the international benchmark, down to their pre-war level of $72 a barrel.
Already have an account?Log in
Continue with a free trial
Get full access to our independent journalism for free
Or create a free account to unlock just this article
readers loved this