Oil Prices Experience Largest Weekly Drop in Two Months Amid Ceasefire Speculation
Brent crude is set to record its biggest weekly decline in two months due to expectations of a 60-day ceasefire extension and partial reopening of the Strait of Hormuz. The drop, nearly 10%, reflects market optimism over reduced geopolitical tensions impacting oil flows.
Topics: Brent crude ceasefire extension oil prices Strait of Hormuz