Oil prices have dropped sharply after Iran confirmed that the Strait of Hormuz is open again. Prices fell by around 10%, easing earlier fears about supply shortages. Markets reacted positively, with improved confidence that energy shipments could resume. However, uncertainty remains as the US blockade is still active, meaning full stability has not yet returned.
Mixed Global Economic Outlook Amid Energy and Inflation Concerns
Global economic conditions remain mixed. While lower oil prices provided some relief for markets today, inflation concerns continue affecting several major economies. European policymakers remain cautious as energy costs and…
