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Drilling Operation in Oil & Gas Industry
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Brent crude oil fell 4.7% to $83.24 a barrel, while stock markets across Asia and Europe rallied after news of a U.S.-Iran peace deal. U.S. President Donald Trump said on social media that Washington and Tehran had agreed to end the conflict. He added that he had ordered the reopening of the Strait of Hormuz and the lifting of the U.S. naval blockade. 'Ships of the world, start your engines. Let the oil flow!' Trump wrote. #usa #iran #oil
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Vice President JD Vance shared Thursday oil prices are down and 12.5 million barrels of oil went through the Strait of Hormuz Wednesday night.
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Millions of barrels of oil are stuck close to the Strait of Hormuz, where around 20% of the world’s oil and gas supplies pass through. That means many countries around the world have a problem - how to get their hands on the oil their economies depend on. So what are they doing about it? #Oil #StraitofHormuz #Iran #Trump #C4News
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