India, May 29 -- Crude oil prices have tumbled on Friday as expectations of the U.S. and Iran signing a Memorandum of Understanding run high. The MoU would allow for immediate reopening of the Strait of Hormuz and pave the way for the resumption of oil and energy trade.WTI Crude Oil for July month delivery was last seen trading down by $1.65 (or 1.86%) at $87.25 per barrel.The war between the U.S.-Israeli forces a...
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