WS #10616
US Energy Secretary confirms 72 ships and 20 million barrels transited Hormuz in 24 hours; oil prices drop sharply as supply surge accelerates. Iran-US direct technical talks approved; US Senate passes bill to limit military campaign against Iran, reducing geopolitical risk premium.
Strait of Hormuz reopening floods oil markets
US Energy Secretary confirms 72 ships and 20 million barrels transited Hormuz in 24 hours; oil prices drop sharply as supply surge accelerates.
Iran-US direct technical talks approved; US Senate passes bill to limit military campaign against Iran, reducing geopolitical risk premium.