Energy

Crude oil prices tumble as Strait of Hormuz reopens and easing inflation and import cost concerns

KATHMANDU: Global crude oil prices have fallen sharply after the end of hostilities between the United States and Iran and the gradual normalization of shipping through the strategically important Strait of Hormuz, erasing much of the geopolitical risk premium that had driven prices to multi-month highs. Brent crude, the...

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