WS #12792
US and Iran pause military strikes for a second night, leading to a sharp drop in oil prices (Brent -5.24%, WTI -8%+) and a rally in US equity futures, countering the prior thesis of sustained energy supply disruption. Ukraine struck an Iranian commercial vessel in the Caspian Sea, adding a new dimension to the conflict, but the overall pause in US-Iran strikes remains the primary market driver.
US-Iran De-escalation and Oil Price Collapse
US and Iran pause military strikes for a second night, leading to a sharp drop in oil prices (Brent -5.24%, WTI -8%+) and a rally in US equity futures, countering the prior thesis of sustained energy supply disruption.
Ukraine struck an Iranian commercial vessel in the Caspian Sea, adding a new dimension to the conflict, but the overall pause in US-Iran strikes remains the primary market driver.