WS #14034
Oil prices fell ~2% despite continued Hormuz attacks and Iran's refusal to reopen the strait, supporting risk-on sentiment and pressuring energy stocks while lifting airlines. Trump signed a proclamation imposing 100% tariffs on sensitive drones, 15% on EU/JP/KR/TW components, and 10% on UK drones, effective in 21 days.
Oil price de-escalation and Middle East tensions
Oil prices fell ~2% despite continued Hormuz attacks and Iran's refusal to reopen the strait, supporting risk-on sentiment and pressuring energy stocks while lifting airlines.
Trump signed a proclamation imposing 100% tariffs on sensitive drones, 15% on EU/JP/KR/TW components, and 10% on UK drones, effective in 21 days.