WS #13651
Imminent Iran-Oman agreement to secure Strait of Hormuz would prompt US to lift blockade, easing oil prices despite a merchant vessel fire and Iran draft law banning US/Israeli vessels. Senate passed 86-11 the Lindsey Graham Sanctioning Russia and Iran Act targeting oil/gas buyers, plus Treasury's 8th round of Iran sanctions on banking—bullish oil supply risk. SpaceX plans $16.8B Terafab in Texas with natural gas power plants, boosting natural gas demand and benefiting gas suppliers.
Iran-Hormuz de-escalation
Imminent Iran-Oman agreement to secure Strait of Hormuz would prompt US to lift blockade, easing oil prices despite a merchant vessel fire and Iran draft law banning US/Israeli vessels.
Senate passed 86-11 the Lindsey Graham Sanctioning Russia and Iran Act targeting oil/gas buyers, plus Treasury's 8th round of Iran sanctions on banking—bullish oil supply risk.
SpaceX plans $16.8B Terafab in Texas with natural gas power plants, boosting natural gas demand and benefiting gas suppliers.