Oil Retreats as Strait of Hormuz Traffic Resumes After Interim U.S.-Iran Accord
Oil prices eased in Asian trade and were on track for sharp weekly declines after an interim U.S.-Iran agreement and the reopening of the Strait of Hormuz reduced fears of prolonged supply disruption. Brent and WTI fell in late U.S. hours, while lingering regional strikes and a firmer dollar kept traders cautious about a swift return to pre-crisis …