WS #13361
Trump's cancellation of strikes on Iran and claims of Hormuz reopening drive oil prices down ~5-7%, boosting equities but Iran denies talks, keeping uncertainty high. Trump publicly criticizes Exxon and Chevron for high profits, pressuring energy stocks and potentially leading to political intervention in pricing.
Iran-US de-escalation and oil price drop
Trump's cancellation of strikes on Iran and claims of Hormuz reopening drive oil prices down ~5-7%, boosting equities but Iran denies talks, keeping uncertainty high.
Trump publicly criticizes Exxon and Chevron for high profits, pressuring energy stocks and potentially leading to political intervention in pricing.