WS #10051
US official reads 14-point Iran ceasefire MOU including ceasefire, lifting naval blockade, and reopening Strait of Hormuz; deal to be signed Friday. Iraq's Rumaila oil field output rises 300k bpd to 650k bpd, West Qurna 2 restarts at 150k bpd, adding supply to global oil markets.
US-Iran MOU Details
US official reads 14-point Iran ceasefire MOU including ceasefire, lifting naval blockade, and reopening Strait of Hormuz; deal to be signed Friday.
Iraq's Rumaila oil field output rises 300k bpd to 650k bpd, West Qurna 2 restarts at 150k bpd, adding supply to global oil markets.