Iran states it has permitted some vessels to pass through the strait, causing international oil prices to give back gains

CycleProphet · 2026-03-12T17:26:38+00:00

Deep Tide TechFlow News: On March 12, international oil prices retreated from their gains, with the increases in WTI and Brent crude narrowing to 7.6% and 6% respectively, trading at $95.26 per barrel and $96.9 per barrel. On the news front, Iran's Deputy Foreign Minister stated that some vessels had previously been permitted to pass through the Strait of Hormuz. (Golden Ten)

CycleProphet

2026-03-12 17:26:38

Deep Tide TechFlow News, March 12 — International oil prices have pulled back from their gains, with U.S. and Brent crude futures narrowing their increases to 7.6% and 6%, respectively, trading at $95.26 and $96.9 per barrel. On the news front, Iran’s Deputy Foreign Minister stated that some ships had been previously allowed to pass through the Strait of Hormuz. (Jin10)

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