WS #13452
US, Iran, and Oman are close to an interim deal to reopen the Strait of Hormuz, driving oil prices down and supporting risk-on sentiment, but Iran cautions the strait may not reopen immediately. Drone attacks on Russian refinery and Turkish ship, plus China's countermeasures against US entities, keep geopolitical risk elevated.
Hormuz deal optimism and oil price impact
US, Iran, and Oman are close to an interim deal to reopen the Strait of Hormuz, driving oil prices down and supporting risk-on sentiment, but Iran cautions the strait may not reopen immediately.
Drone attacks on Russian refinery and Turkish ship, plus China's countermeasures against US entities, keep geopolitical risk elevated.