Progress in U.S.-Iran negotiations has improved shipping conditions through the Strait of Hormuz, compressing the geopolitical premium in crude oil prices. According to Jin10, selling has been driven mainly by expectations that Iranian supply could return to the market.
The report added that several factors still limited the downside for oil prices, including logistical bottlenecks, uncertainty around nuclear negotiations, and the Israel-Lebanon conflict.
Oil’s Geopolitical Premium Narrows as U.S.-Iran Talks Progress and Hormuz Shipping Improves
2026-06-24 10:55:37
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