Indian daily, markets desk
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The Sunday Guardian · India · Brent slides toward $72 and WTI below $70 as Hormuz traffic recovers
Reports Brent at $72.79 (down 1.48%) and WTI at $69.15 (down 1.69%), attributing the slide to optimism over a longer-term US-Iran agreement and surging Strait of Hormuz shipping traffic at its highest since before the conflict escalated.
“Brent fell near $72.79 and WTI slipped to $69.15 as Strait of Hormuz traffic jumped to its highest since before the war and US-Iran peace hopes grew.”