WS #10110
Three Saudi supertankers carrying 6 million barrels cross Strait of Hormuz; OPEC chief dismisses IEA supply glut forecast; oil prices plunge nearly 15% for the week, countering the prior oil supply crisis. Ukraine launches largest drone attack on Moscow, striking a major oil refinery, but oil market impact is overwhelmed by Iran deal counter-signal.
US-Iran MoU and Oil Market Reopening
Three Saudi supertankers carrying 6 million barrels cross Strait of Hormuz; OPEC chief dismisses IEA supply glut forecast; oil prices plunge nearly 15% for the week, countering the prior oil supply crisis.
Ukraine launches largest drone attack on Moscow, striking a major oil refinery, but oil market impact is overwhelmed by Iran deal counter-signal.