WS #13467
Iran and Oman reach agreement on Strait of Hormuz, with US-Iran deal expected within 48 hours, easing oil supply fears and supporting risk-on sentiment. Cushing crude inventories rose 2.356M barrels vs expected decline, while Mosaic warns of sulfur supply tightness from Hormuz closure and Kazakhstan blockade, pressuring oil prices.
US-Iran Strait of Hormuz deal progress
Iran and Oman reach agreement on Strait of Hormuz, with US-Iran deal expected within 48 hours, easing oil supply fears and supporting risk-on sentiment.
Cushing crude inventories rose 2.356M barrels vs expected decline, while Mosaic warns of sulfur supply tightness from Hormuz closure and Kazakhstan blockade, pressuring oil prices.