Analyst Says Proposed Iran-Oman Deal May Have Just Dimmed Hopes for Lower Oil Prices, but National Average Gas Price Could Fall Below $4
Analyst Patrick De Haan warns that an Iran-Oman deal to reopen the Strait of Hormuz may not lead to lower oil prices.
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Why It Matters
A new deal between Iran and Oman might not make oil cheaper like some people hoped, even though gas prices could still drop below $4 per gallon soon. When you hear about oil news, remember that big deals don't always work the way people expect.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.