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Diplomatic Pause in the Strait of Hormuz: Oil Quotes Retreat from Highs
Against the backdrop of an unexpected
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Against the backdrop of an unexpected announcement by Donald Trump suspending the naval mission in the Strait of Hormuz, oil prices declined sharply, with WTI crude returning to the $100 mark.Many are now speculating whether this is a temporary respite or a new tactic. Yesterday, US President Donald Trump announced the temporary suspension of Operation "Project Freedom" — a mission to escort commercial vessels through the Strait of Hormuz under the protection of the US Navy. The reason for this
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Miroslaw Bawulski,
Analytical expert of InstaForex
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