Global crude oil prices declined sharply on May 20th after Donald Trump indicated that negotiations between the United States and Iran had entered the final stages, raising expectations of easing geopolitical tensions in the Middle East. US benchmark West Texas Intermediate (WTI) crude futures
A potential breakthrough in the Strait of Hormuz dispute has raised hopes of easing global energy market pressures after weeks of disruption in one of the world’s most critical shipping routes. According to regional media reports, including Al Arabiya, a tentative agreement has been reached to restore maritime movement through the Strait, following a period […]













