WS #13407
Multiple sources report progress toward reopening the Strait of Hormuz, with Bessent saying a deal could come 'today or tomorrow,' Qatar citing 'very advanced' talks, and Iran considering European mine clearance, driving oil prices down sharply and stocks to records. Brent fell below $80 and WTI to ~$76 on Hormuz deal hopes, pressuring energy stocks but boosting airlines and consumer sectors. Exxon, Chevron, BP, and Saudi Aramco report massive profit surges due to high oil prices from the Iran conflict, drawing political criticism from Trump.
US-Iran Hormuz deal optimism
Multiple sources report progress toward reopening the Strait of Hormuz, with Bessent saying a deal could come 'today or tomorrow,' Qatar citing 'very advanced' talks, and Iran considering European mine clearance, driving oil prices down sharply and stocks to records.
Brent fell below $80 and WTI to ~$76 on Hormuz deal hopes, pressuring energy stocks but boosting airlines and consumer sectors.
Exxon, Chevron, BP, and Saudi Aramco report massive profit surges due to high oil prices from the Iran conflict, drawing political criticism from Trump.