WS #13412
Multiple sources confirm progress toward a US-Iran deal to reopen the Strait of Hormuz, with Bessent and Rubio signaling a deal could be reached within 24-48 hours, driving oil prices down sharply. Oil prices nosedive (WTI -5.8% to $75.68, Brent below $80) on Hormuz deal hopes, with potential relief trade across energy, shipping, and consumer sectors.
US-Iran Hormuz Deal Progress
Multiple sources confirm progress toward a US-Iran deal to reopen the Strait of Hormuz, with Bessent and Rubio signaling a deal could be reached within 24-48 hours, driving oil prices down sharply.
Oil prices nosedive (WTI -5.8% to $75.68, Brent below $80) on Hormuz deal hopes, with potential relief trade across energy, shipping, and consumer sectors.