WS #13656
US expects a deal soon between Iran and Oman to reopen the Strait of Hormuz, with the US lifting its blockade upon announcement; Iran retains control and can charge fees, but the deal is not finalized. US Senate passed the Lindsey O. Graham Sanctioning Russia and Iran Act, allowing 100% tariffs on top importers of Russian oil (India, China, etc.), extending Iran Sanctions Act to 2031. Ukraine agreed not to target non-Russian oil tankers and key Black Sea infrastructure for Kazakhstan's crude exports, potentially increasing oil flows.
US-Iran Strait of Hormuz Deal Progress
US expects a deal soon between Iran and Oman to reopen the Strait of Hormuz, with the US lifting its blockade upon announcement; Iran retains control and can charge fees, but the deal is not finalized.
US Senate passed the Lindsey O. Graham Sanctioning Russia and Iran Act, allowing 100% tariffs on top importers of Russian oil (India, China, etc.), extending Iran Sanctions Act to 2031.
Ukraine agreed not to target non-Russian oil tankers and key Black Sea infrastructure for Kazakhstan's crude exports, potentially increasing oil flows.