WS #13655
US to lift Iran port blockade upon Hormuz deal; Iran awaiting final approval; oil prices settle up 1.3% but weekly loss >8% as market prices in resolution. Ukraine agrees not to target certain Kazakh oil tankers in Black Sea, easing supply disruption risks. Senate passes 100% tariff sanctions on major Russian oil importers (India, China), potentially disrupting global energy trade.
US-Iran Hormuz Deal Progress
US to lift Iran port blockade upon Hormuz deal; Iran awaiting final approval; oil prices settle up 1.3% but weekly loss >8% as market prices in resolution.
Ukraine agrees not to target certain Kazakh oil tankers in Black Sea, easing supply disruption risks.
Senate passes 100% tariff sanctions on major Russian oil importers (India, China), potentially disrupting global energy trade.