Global oil markets are beginning to unwind part of the geopolitical risk premium that drove energy prices sharply higher during the Iran conflict, as the preliminary agreement between the United States and Iran to reopen the Strait of Hormuz prompts major financial institutions to lower their crude oil forecasts and anticipate a gradual recovery in [...] The post Fitch Sees Brent at $70 as Hormuz Reopening Reshapes Oil Outlook appeared first on The Middle East Observer .
