WS #13324
Trump calls off Iran strikes and announces talks, oil prices plunge (WTI -6%, Brent -5%), but Iran denies talks, keeping uncertainty high. Pentagon triples Patriot and quadruples THAAD production with Lockheed Martin and Northrop Grumman, supporting defense stocks. OPEC+ approves 188,000 bpd production increase for September, adding to oil supply and pressuring prices.
US-Iran de-escalation and oil price collapse
Trump calls off Iran strikes and announces talks, oil prices plunge (WTI -6%, Brent -5%), but Iran denies talks, keeping uncertainty high.
Pentagon triples Patriot and quadruples THAAD production with Lockheed Martin and Northrop Grumman, supporting defense stocks.
OPEC+ approves 188,000 bpd production increase for September, adding to oil supply and pressuring prices.