WS #12817
US and Iran pause strikes, sending Brent crude down 7.3% to $84.97 and WTI down 7.6% to $82.56, boosting risk assets and equities, but Iran says Hormuz remains closed and IRGC continues to stop vessels. Record oil-on-water volumes limit further crude upside, MRPL tells suppliers to avoid Red Sea and Strait of Hormuz, and Iran's IRGC stops 6 vessels in Hormuz.
US-Iran De-escalation and Oil Plunge
US and Iran pause strikes, sending Brent crude down 7.3% to $84.97 and WTI down 7.6% to $82.56, boosting risk assets and equities, but Iran says Hormuz remains closed and IRGC continues to stop vessels.
Record oil-on-water volumes limit further crude upside, MRPL tells suppliers to avoid Red Sea and Strait of Hormuz, and Iran's IRGC stops 6 vessels in Hormuz.