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Home›Commodities›Energy›Oil prices ease as Hormuz Strait traffic improves afte…

Oil prices ease as Hormuz Strait traffic improves after strikes

Commonwealth Bank of Australia said stronger flows through the Strait of Hormuz helped calm concerns following U.S.-Iran strikes earlier this week.

Reported · Written up by our desk · Energy

Oil prices eased as recovering traffic through the Strait of Hormuz reduced some of the war premium investors had been pricing in after recent U.S.-Iran strikes, according to a note cited by CNBC Markets.

Commonwealth Bank of Australia said stronger oil flows through the waterway tempered market concerns after the strikes earlier this week.

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Sources

CNBC MarketsOil prices ease as recovering Hormuz Strait traffic tempers war premium
CNBC WorldOil prices ease as recovering Hormuz Strait traffic tempers war premium

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