Oil Prices Fall As US-Iran Talks Appear to Go Well
US-Iran diplomatic talks in Qatar are progressing positively, leading to a gradual reopening of the Strait of Hormuz and a recovery in tanker traffic to pre-war levels. Oil prices have fallen significantly as supply disruption concerns ease, with OPEC+ expected to further increase output targets from August.
Original source
marinelink.com
Impact map
The affected port plotted below, with a dashed line hinting at the shipping corridor when several ports are involved.
Basemap: CARTO Positron / OpenStreetMap contributors. Ports are pinned from Seadex geo-referenced port index.