WS #13676
Iran and Oman are 'very close' to a temporary shipping route deal, with US to lift blockade upon announcement, but Iran conditions full reopening on US accepting its demands; fresh ADNOC tanker strike keeps oil risk premium elevated. Gen Dan Caine privately urged de-escalation, citing limited military options and depleted weapons stocks, signaling a potential diplomatic exit that could reduce geopolitical risk premium. Senate passed 86-11 bill allowing 100% tariffs on Russian oil buyers, but India's exposure is limited given narrowed crude discount, reducing macro impact.
Strait of Hormuz: Iran-Oman deal progress vs. fresh attacks
Iran and Oman are 'very close' to a temporary shipping route deal, with US to lift blockade upon announcement, but Iran conditions full reopening on US accepting its demands; fresh ADNOC tanker strike keeps oil risk premium elevated.
Gen Dan Caine privately urged de-escalation, citing limited military options and depleted weapons stocks, signaling a potential diplomatic exit that could reduce geopolitical risk premium.
Senate passed 86-11 bill allowing 100% tariffs on Russian oil buyers, but India's exposure is limited given narrowed crude discount, reducing macro impact.