WS #10083
US and Iran signed a 14-point interim peace deal extending ceasefire 60 days, resuming Hormuz traffic toll-free for 60 days, lifting sanctions, and establishing a $300bn reconstruction fund; Iran signals it will charge ships after toll-free period. Ukrainian drones struck Moscow's oil refinery for the second time in three days, causing fires and smoke plumes; re-escalates Russia-Ukraine conflict and supports oil prices. Goldman Sachs estimates Strait of Hormuz oil flows may recover to only 70% of pre-war levels after the conflict, countering full-recovery expectations.
US-Iran Peace Deal Signed
US and Iran signed a 14-point interim peace deal extending ceasefire 60 days, resuming Hormuz traffic toll-free for 60 days, lifting sanctions, and establishing a $300bn reconstruction fund; Iran signals it will charge ships after toll-free period.
Ukrainian drones struck Moscow's oil refinery for the second time in three days, causing fires and smoke plumes; re-escalates Russia-Ukraine conflict and supports oil prices.
Goldman Sachs estimates Strait of Hormuz oil flows may recover to only 70% of pre-war levels after the conflict, countering full-recovery expectations.