WS #13408
Treasury Secretary Bessent and Qatar signal a US-Iran deal to reopen the Strait of Hormuz could come within days, crushing oil prices and fueling a risk-on rally, but Iran denies direct talks and a cargo ship was struck near the strait, keeping uncertainty high. Exxon, Chevron, BP, and Saudi Aramco report massive profit surges from the Iran war, drawing Trump's criticism and threatening political pressure on pricing, while OPEC output rises.
US-Iran Hormuz deal hopes
Treasury Secretary Bessent and Qatar signal a US-Iran deal to reopen the Strait of Hormuz could come within days, crushing oil prices and fueling a risk-on rally, but Iran denies direct talks and a cargo ship was struck near the strait, keeping uncertainty high.
Exxon, Chevron, BP, and Saudi Aramco report massive profit surges from the Iran war, drawing Trump's criticism and threatening political pressure on pricing, while OPEC output rises.