Oil Erases Wartime Gains as Hormuz Stockpiles Hit Market

🌐 Bloomberg (United States) —

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Goldman economist Farouk Soussa discusses how the Strait of Hormuz's partial stockpiles impact global oil supply amid ongoing US-Iran negotiations. Despite wartime disruptions, the oil market is seeing crude re-enter circulation gradually.

Goldman economist Farouk Soussa talks about why the Strait of Hormuz doesn't need to come back to 100% for the full amount of oil from the Gulf to come back into the market, and the longer-term outlook for crude amid the US-Iran negotiations. (Source: Bloomberg)

World Politics Markets Commodities Energy Shipping Strait of Hormuz oil stockpiles US-Iran negotiations Goldman Sachs crude oil market

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