WS #12793
US and Iran pause military strikes for second night; Brent crude falls >5%, WTI drops 6% to ~$83.80; stock futures rally 60 points; Strait of Hormuz traffic collapses to 2 tankers on Friday; oil tanker hits mine in strait. ExxonMobil is reportedly studying potential acquisition of Australia's Woodside Energy Group to deepen LNG and Asian market presence; Woodside ADRs rose 14%.
US-Iran De-escalation and Oil Plunge
US and Iran pause military strikes for second night; Brent crude falls >5%, WTI drops 6% to ~$83.80; stock futures rally 60 points; Strait of Hormuz traffic collapses to 2 tankers on Friday; oil tanker hits mine in strait.
ExxonMobil is reportedly studying potential acquisition of Australia's Woodside Energy Group to deepen LNG and Asian market presence; Woodside ADRs rose 14%.