Commodities
Crude Oil Holds Steady Above $82 Amid Strait of Hormuz Uncertainty
Crude oil prices have held steady above $82 per barrel as markets remain cautious about potential supply disruptions in the Strait of Hormuz.
The ongoing uncertainty surrounding a US-Iran agreement to reopen the key shipping route has kept traders focused on geopolitical risks and the potential impact on global energy flows.
US Strategic Petroleum Reserve inventories have fallen below 300 million barrels, reaching their lowest level since 1983, adding to supply concerns.