WS #13464
Iran and Oman finalizing joint announcement on Hormuz route, with US officials predicting a deal within days, but Iran cautions it doesn't guarantee security; oil falls ~5% on optimism. EIA crude inventories rose 2.5M barrels vs expected draw, and oil prices fell ~5% on Hormuz optimism, pressuring energy stocks.
Strait of Hormuz Deal Progress
Iran and Oman finalizing joint announcement on Hormuz route, with US officials predicting a deal within days, but Iran cautions it doesn't guarantee security; oil falls ~5% on optimism.
EIA crude inventories rose 2.5M barrels vs expected draw, and oil prices fell ~5% on Hormuz optimism, pressuring energy stocks.