Hormuz reopening hopes send oil prices tumbling as Iran negotiations gain traction
]]> Prices fall on hopes renewed efforts may reopen Hormuz.Iran, Oman finalising deal to manage strategic waterway.Flows through strait slip to about one-quarter of pre-war...]]>
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Desk Analysis
How This Affects the Exchange
Sector Effect
Neutral · Watch
Mixed or limited directional signal for Oil & Gas on the PSX.
Sectors & Direction
Desk read
Desk call: Watch · Neutral effect
- Oil & GasNeutral effect
Companies
Mentions in This Briefing
Sectors: Oil & Gas — Neutral · Watch. PSX tickers: OGDC, PPL, MARI, PSO, SNGP, ATRL. Mixed or limited directional signal for Oil & Gas on the PSX.
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Prices fall on hopes renewed efforts may reopen Hormuz.Iran, Oman finalising deal to manage strategic waterway.Flows through strait slip to about one-quarter of pre-war...]]>
Source: Geo News Business — https://www.geo.tv/latest/679373-hormuz-reopening-hopes-send-oil-prices-tumbling-as-iran-diplomacy-gains-momentum