WS #13396
Bessent and Rubio signal a possible US-Iran deal to reopen the Strait of Hormuz within days, sending oil prices down ~4-5% and lifting US equities to records. Reuters reports the US has used 'virtually all' of its long-range precision missiles (ATACMS/PrSM) and ~65% of Patriot interceptors in the Iran war, raising readiness concerns and potential defense-spending implications.
US-Iran Hormuz deal optimism
Bessent and Rubio signal a possible US-Iran deal to reopen the Strait of Hormuz within days, sending oil prices down ~4-5% and lifting US equities to records.
Reuters reports the US has used 'virtually all' of its long-range precision missiles (ATACMS/PrSM) and ~65% of Patriot interceptors in the Iran war, raising readiness concerns and potential defense-spending implications.