WS #12879
Oil prices fall another 1% as US-Iran pause holds, with Brent at $85.87 and WTI down 7.5%, supporting the de-escalation narrative and pressuring energy stocks. Yemeni FM warns Houthis aim to replicate Iran's Hormuz strategy in the Red Sea, threatening Bab al-Mandeb shipping, but no immediate market impact.
US-Iran De-escalation Holds, Oil Falls
Oil prices fall another 1% as US-Iran pause holds, with Brent at $85.87 and WTI down 7.5%, supporting the de-escalation narrative and pressuring energy stocks.
Yemeni FM warns Houthis aim to replicate Iran's Hormuz strategy in the Red Sea, threatening Bab al-Mandeb shipping, but no immediate market impact.