Ghana news briefing
Oil steadies near one-week highs as US-Iran peace deal hopes dim
In a note on Monday, analysts at Barclays said that in the week ending August 7, crude oil and refined product net exports through the Strait of Hormuz averaged 3 million barrels per day, down from 4.
Both benchmarks rose more than 5% on Monday to their highest since July 31, after Trump responded to Iran's conditions for a peace deal with his own demands that Iran pay compensation for people killed in wars, attacks and protests, which is likely to complicate efforts to reopen the Strait of Hormuz.and Iran to end their war and reopen the Strait of Hormuz, after President Donald Trump demanded compensation for damage the U.
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