WS #10047
US and Iran agree to interim deal: Strait of Hormuz to reopen, sanctions to be lifted, $300B reconstruction fund, 60-day negotiation for final deal. Trump says signing within 48 hours. Iraq increases southern crude output by 500,000 bpd to 1.5 million bpd, Rumaila field output up 300,000 bpd to 650,000 bpd, West Qurna 2 restarts at 150,000 bpd. Russia plans to import gasoline by sea due to fuel shortage from drone attacks on refineries; Moscow refinery knocked out completely.
US-Iran Deal Escalation
US and Iran agree to interim deal: Strait of Hormuz to reopen, sanctions to be lifted, $300B reconstruction fund, 60-day negotiation for final deal. Trump says signing within 48 hours.
Iraq increases southern crude output by 500,000 bpd to 1.5 million bpd, Rumaila field output up 300,000 bpd to 650,000 bpd, West Qurna 2 restarts at 150,000 bpd.
Russia plans to import gasoline by sea due to fuel shortage from drone attacks on refineries; Moscow refinery knocked out completely.