
Oil prices ease as more tankers exit the Strait of Hormuz
Brent crude slipped back below pre-war levels as vessel traffic through the strait doubled, calming fears of a prolonged energy crunch.
The latest Strait of Hormuz news, headlines and analysis from The NE Times.

Brent crude slipped back below pre-war levels as vessel traffic through the strait doubled, calming fears of a prolonged energy crunch.

A temporary easing of the US-Iran crisis has tempted more vessels back through the vital chokepoint, yet unresolved questions over mines, tolls and legal rights continue to unsettle energy markets.

A row over food, sanctions and unfrozen money has complicated America's tentative interim agreement with Tehran, with Washington and Iran clashing over how released assets should be spent.

Mediators say a 14-point understanding, due to be signed in Switzerland, would end more than 100 days of fighting, lift the US naval blockade and extend a ceasefire that reaches into Lebanon.