WS #13322
Trump announces talks with Iran, pausing strikes, leading to oil price collapse (Brent -5-6%, WTI -6-7%) and broad risk-on rally in equities. IEA releases 400 million barrels from emergency reserves, the largest in history, to counter oil supply disruption from Iran conflict, dampening oil price spike.
US-Iran De-escalation and Oil Price Drop
Trump announces talks with Iran, pausing strikes, leading to oil price collapse (Brent -5-6%, WTI -6-7%) and broad risk-on rally in equities.
IEA releases 400 million barrels from emergency reserves, the largest in history, to counter oil supply disruption from Iran conflict, dampening oil price spike.