WS #10118
US and Iran sign 14-point MOU to end war and reopen Strait of Hormuz; oil flows resume, prices fall, but Trump denies $300B payment and Israel threatens to derail deal. Ukraine launches nearly 200 drones at Moscow, hitting Kapotnya oil refinery (40% of Moscow fuel supply), grounding flights and causing Russian oil stocks to crash. Oil prices continue to fall (WTI -2.5%, Brent -2.1%) on Iran deal optimism, benefiting airlines and cruise stocks but pressuring integrated oil companies.
US-Iran Deal Implementation
US and Iran sign 14-point MOU to end war and reopen Strait of Hormuz; oil flows resume, prices fall, but Trump denies $300B payment and Israel threatens to derail deal.
Ukraine launches nearly 200 drones at Moscow, hitting Kapotnya oil refinery (40% of Moscow fuel supply), grounding flights and causing Russian oil stocks to crash.
Oil prices continue to fall (WTI -2.5%, Brent -2.1%) on Iran deal optimism, benefiting airlines and cruise stocks but pressuring integrated oil companies.