en

Iran Proposes Opening Strait of Hormuz in 7 Days Once US Eases Blockade, Oil Prices Fall

image
rubric logo Finance
like 2

Iran has proposed reopening the Strait of Hormuz within 7 days if the US takes initial steps to ease its naval blockade and halt related military operations. As a result, oil prices fell to $91 per barrel on Monday, triggering upside momentum in US stocks and Bitcoin.