WS #12877
US pauses Iran strikes, Trump sounds optimistic on talks, causing WTI crude to plunge 7.5% and Brent 8.7%, with broad market rotation out of energy and into consumer staples. Houthis claim drone strikes on Saudi Aramco's Abqaiq facility, with satellite imagery showing smoke; this counters the oil price drop narrative but is currently being overshadowed by ceasefire hopes.
US-Iran De-escalation & Oil Plunge
US pauses Iran strikes, Trump sounds optimistic on talks, causing WTI crude to plunge 7.5% and Brent 8.7%, with broad market rotation out of energy and into consumer staples.
Houthis claim drone strikes on Saudi Aramco's Abqaiq facility, with satellite imagery showing smoke; this counters the oil price drop narrative but is currently being overshadowed by ceasefire hopes.