Iran US deal reopens Hormuz with 62 million barrels set to flow
An Iran-US peace deal has reopened the Strait of Hormuz after more than 100 days of disruption. Over 60 million barrels of crude are now expected to reach Asian markets.
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AFBytes briefing
Resumed oil exports through Hormuz could ease global crude prices and lower energy costs for U.S. drivers and manufacturers.
What to watch next
- Observe weekly EIA inventory data and OPEC+ production statements for supply response signals.