WS #13659
US official expects Iran-Oman deal on Strait of Hormuz 'soon,' which would lift US blockade of Iranian ports, pressuring oil prices and benefiting airlines while hurting defense stocks. Senate passes 86-11 bill authorizing 100% tariffs on top importers of Russian oil (India, China, etc.), but House consideration deferred to September, limiting near-term market impact. Ukrainian drone strikes hit Russian refineries (Syzran, Ilsky), but Ukraine agreed not to target CPC infrastructure, a counter-signal to oil supply disruption fears.
Iran-Oman Hormuz Deal Progress
US official expects Iran-Oman deal on Strait of Hormuz 'soon,' which would lift US blockade of Iranian ports, pressuring oil prices and benefiting airlines while hurting defense stocks.
Senate passes 86-11 bill authorizing 100% tariffs on top importers of Russian oil (India, China, etc.), but House consideration deferred to September, limiting near-term market impact.
Ukrainian drone strikes hit Russian refineries (Syzran, Ilsky), but Ukraine agreed not to target CPC infrastructure, a counter-signal to oil supply disruption fears.