WS #13387
Treasury Secretary Bessent says US-Iran deal may be reached Tuesday/Wednesday to reopen Strait of Hormuz; Trump gives Iran until today to deal or face strikes; Saudi Aramco posts strong Q2 earnings amid supply disruption. Saudi Aramco warns of no shock absorbers in refining system; Trump scolds Exxon and Chevron; refiners have no capacity to increase output, supporting high fuel prices. Rhine River at lowest level since 1880 threatens European shipping; Ukraine farm sector losses from Black Sea strikes could reach $1.5-3B, impacting global food prices.
US-Iran Deal and Strait of Hormuz
Treasury Secretary Bessent says US-Iran deal may be reached Tuesday/Wednesday to reopen Strait of Hormuz; Trump gives Iran until today to deal or face strikes; Saudi Aramco posts strong Q2 earnings amid supply disruption.
Saudi Aramco warns of no shock absorbers in refining system; Trump scolds Exxon and Chevron; refiners have no capacity to increase output, supporting high fuel prices.
Rhine River at lowest level since 1880 threatens European shipping; Ukraine farm sector losses from Black Sea strikes could reach $1.5-3B, impacting global food prices.