WS #10074
US and Iran sign MOU ending hostilities, reopening Strait of Hormuz, with IEA warning of oil glut; oil prices fall below $80 Brent. IEA sees massive oil surplus in 2027 as Middle East supply returns; Ukraine drone attacks continue to hit Russian oil infrastructure.
US-Iran Peace Deal Signed and In Effect
US and Iran sign MOU ending hostilities, reopening Strait of Hormuz, with IEA warning of oil glut; oil prices fall below $80 Brent.
IEA sees massive oil surplus in 2027 as Middle East supply returns; Ukraine drone attacks continue to hit Russian oil infrastructure.