WS #10559
Senate passes first War Powers resolution in 40 years, limiting Trump's ability to continue military action against Iran, reducing geopolitical risk. Bloomberg reports UAE oil exports at 85% of pre-war levels; Macquarie slashes 2026-2027 oil price forecasts on expected return of normal Middle East flows. API reports SPR fell by 9.1 million barrels to lowest level in over 40 years, alongside crude inventory draw, signaling aggressive government supply release.
Senate War Powers Resolution on Iran
Senate passes first War Powers resolution in 40 years, limiting Trump's ability to continue military action against Iran, reducing geopolitical risk.
Bloomberg reports UAE oil exports at 85% of pre-war levels; Macquarie slashes 2026-2027 oil price forecasts on expected return of normal Middle East flows.
API reports SPR fell by 9.1 million barrels to lowest level in over 40 years, alongside crude inventory draw, signaling aggressive government supply release.