In the week of June 14, the US and Iran peace deal, following a 60-day ceasefire memorandum of understanding to reopen the Strait of Hormuz and to lift the US naval blockade on Iran, has set the stage for future discussions on Iran’s nuclear program, which led to a significant drop in the global benchmark Brent oil price from a recent peak of $110.81 per barrel to $79.44…
A Macro Market View by Hubert Marleau
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