Global oil prices have dropped sharply, while stock markets have rallied, following a conditional two‑week ceasefire agreement between the United States and Iran, which includes the reopening of the strategically vital Strait of Hormuz. Although benchmark Brent crude fell by about 13% to $94.80 per barrel, prices remain significantly higher than pre‑conflict levels, when oil was trading at around $70 per barrel on February 28.

Thami Ngubeni spoke to Matthew Cruise, an Energy Analyst and Snior Energy Expert at IMPOWER.

Global oil prices have dropped sharply, while stock markets have rallied, following a conditional two‑week ceasefire agreement between the United States and Iran, which includes the reopening of the strategically vital Strait of Hormuz. Although benchmark Brent crude fell by about 13% to $94.80 per barrel, prices remain significantly higher than pre‑conflict levels, when oil was trading at around $70 per barrel on February 28.
Thami Ngubeni spoke to Matthew Cruise, an Energy Analyst and Snior Energy Expert at IMPOWER.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.