WS #13320
Trump calls off strikes, announces talks; oil plunges ~7% (Brent to $83.88, WTI to $79.82) on de-escalation hopes and OPEC+ output hike, but Iran denies talks, creating fragility. Ukraine launches heavy drone attacks on Russian oil infrastructure, killing 11 and disrupting Caspian Pipeline Consortium exports, adding supply risk. Iran's foreign ministry and state media deny any US talks, saying they are only negotiating with Oman, contradicting Trump's claims and keeping geopolitical risk elevated. Pentagon signs $3B agreements to triple PAC-3 and quadruple THAAD missile production, boosting defense contractors.
US-Iran de-escalation and oil price crash
Trump calls off strikes, announces talks; oil plunges ~7% (Brent to $83.88, WTI to $79.82) on de-escalation hopes and OPEC+ output hike, but Iran denies talks, creating fragility.
Ukraine launches heavy drone attacks on Russian oil infrastructure, killing 11 and disrupting Caspian Pipeline Consortium exports, adding supply risk.
Iran's foreign ministry and state media deny any US talks, saying they are only negotiating with Oman, contradicting Trump's claims and keeping geopolitical risk elevated.
Pentagon signs $3B agreements to triple PAC-3 and quadruple THAAD missile production, boosting defense contractors.