Oil heads for fourth weekly loss as Strait of Hormuz shipping recovery erases war premium | The National
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Source: The National (UAE)
Published: 2026-07-03 19:38 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, Business & Economy, War & Conflict
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Snippet:
Oil was heading for a fourth consecutive weekly loss on Friday as traders continued to strip out the geopolitical risk premium built into prices during the Iran war, as shipping through the Strait of Hormuz recovers following the deal signed by Tehran and the US.
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