WS #12915
Oil drops ~$5 on US-Iran de-escalation hopes, but Iran's Hormuz threat, Houthi strike on Saudi facility, Ukraine strike on Iranian tanker, and new US sanctions on Russia/Iran buyers could reverse the decline.
Oil price decline and counter-signals
Oil drops ~$5 on US-Iran de-escalation hopes, but Iran's Hormuz threat, Houthi strike on Saudi facility, Ukraine strike on Iranian tanker, and new US sanctions on Russia/Iran buyers could reverse the decline.