WS #13640
US-Iran-Oman talks progress on reopening the Strait of Hormuz, causing oil prices to fall ~9% this week, with Brent around $83 and WTI around $78. Senate passed the Lindsey Graham Sanctioning Russia and Iran Act (86-11), targeting buyers of Russian oil and expanding Iran sanctions, but House vote delayed until September.
Strait of Hormuz Reopening and Oil Price Drop
US-Iran-Oman talks progress on reopening the Strait of Hormuz, causing oil prices to fall ~9% this week, with Brent around $83 and WTI around $78.
Senate passed the Lindsey Graham Sanctioning Russia and Iran Act (86-11), targeting buyers of Russian oil and expanding Iran sanctions, but House vote delayed until September.