← Back to feedRead original →
VERIFIEDEconomic Times News·positive
Oil rebounds on uncertainty over Iran peace deal and inventory drawdowns
AI Summary
- ·Oil prices surged Thursday due to uncertainty surrounding the Iran peace deal.
- ·A significant drawdown in U.S. oil inventories also contributed to the price increase.
- ·Concerns are rising about dwindling global stockpiles as the Strait of Hormuz remains largely inaccessible.