Ghana news briefing
Oil slips 4% after US, Iran pause fighting over weekend
In addition, ship traffic through the Bab el-Mandeb Strait fell on Sunday after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast, although a third Chinese supertanker exited via the Bab el-Mandeb Strait.
Brent had reached $100 per barrel as the conflict, which reduced oil shipments via the Strait of Hormuz, spilt over to the Red Sea, hindering exports from the world's top exporter, Saudi Arabia, via the Bab el-Mandeb Strait to Asia.and Iran paused strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz.
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