Hope for Agreement in Hormuz Drops Oil: Weekly Loss Exceeds 7%

Oil prices fell for four consecutive trading sessions as expectations strengthened that Iran and Oman could establish a temporary maritime corridor in the Strait of Hormuz. Brent crude fell to around $87 per barrel, with weekly losses exceeding 7%. This development has eased concerns over supply security in the markets. The parties continue their discussions on mine clearance operations and the management of ship traffic. The market's pricing in of a potential ceasefire agreement has put downward pressure on oil prices. Investors are now pricing in a lower probability of supply disruptions as geopolitical risks in the region diminish. Analysts note that if the temporary corridor in the Strait of Hormuz is implemented, oil flows could return to normal and prices could decline further. However, they also indicate that volatility could increase if the talks do not conclude successfully. In the coming days, markets will closely monitor statements from the parties and whether the agreement translates into concrete steps. During this process, oil prices will remain sensitive to geopolitical developments. This is not investment advice.