Iran crude prices slashed as more shipments leave Hormuz – Bloomberg

NEWS SUMMARY

Iranian crude sellers have reduced prices for shipments to China following the departure of millions of barrels from the Strait of Hormuz. This development follows an interim peace deal with the United States, according to Bloomberg.

Based on initial report · will update when full text is available

Full BriefGenerated 0m ago

Sellers of Iranian crude to China have cut prices after Iran began shipping millions of barrels out of Hormuz following an interim peace deal with the United States, Bloomberg reported on Monday.

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