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Hormuz Deal Could Ease Oil Prices | Durham News
Tensions over the Strait of Hormuz are easing as U.S. Treasury Secretary Scott Bessent signals active talks with Iran could lead to reopening the vital oil chokepoint — a move that sent crude prices tumbling before he even finished speaking. After months of market anxiety and a looming military threat, Tehran appears willing to negotiate, dropping demands for tolls on ships and allowing vessels to resume transit. While officials say progress is real, no deal is final — mines, nuclear talks, and logistical delays remain hurdles. With over a thousand ships stuck in the Gulf, full supply…
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