WS #12839
US and Iran pause strikes, Oman talks progress on Hormuz access; oil prices crash 6-7% as de-escalation hopes surge, countering prior escalation thesis. Ukraine strikes Russian oil depot in Udmurtia; Houthis claim drone attack on Saudi Abqaiq facility; Saudi retaliatory airstrikes reported.
Iran-US de-escalation and oil price collapse
US and Iran pause strikes, Oman talks progress on Hormuz access; oil prices crash 6-7% as de-escalation hopes surge, countering prior escalation thesis.
Ukraine strikes Russian oil depot in Udmurtia; Houthis claim drone attack on Saudi Abqaiq facility; Saudi retaliatory airstrikes reported.