HORMUZ TENSIONS EASE, OIL FALLS

Risk premiums around the Strait of Hormuz are easing after Oman and Iran discussed a temporary shipping corridor and mine-clearing project, Emirates NBD says.

Brent crude fell 3.9% to $88.58, reducing concerns over energy-driven inflation.

The drop in oil prices also helped push U.S. Treasury yields lower.

HORMUZ TENSIONS EASE, OIL FALLS

Risk premiums around the Strait of Hormuz are easing after Oman and Iran discussed a temporary shipping corridor and mine-clearing project, Emirates NBD says.

Brent crude fell 3.9% to $88.58, reducing concerns over energy-driven inflation.

The drop in oil prices also helped push U.S. Treasury yields lower.

Source:https://twitter.com/deitaone/status/2092957251900227589