Oil falls as US touts progress on Iran deal, reopening Hormuz
Culture Index
Score Breakdown
Relevance
3/25
Freshness
25/25
Authority
18/20
Brand Signal
11/15
Depth
6/15
5-Axis Cultural Radar
Oil fell as senior US officials gave further, positive signals on progress towards a deal with Iran to reopen the Strait of Hormuz. Brent lost as much as 6.2 per cent to US$97.10 a barrel, while West Texas Intermediate was near US$91. Secretary of State Marco Rubio struck a cautiously upbeat tone, saying the US was going to give diplomacy every chance. “We thought we might have some news last nigh
