WS #10195
Multiple sources confirm the US-Iran MOU is unraveling: Israel continues bombing Lebanon, Iran has prepared countermeasures, Trump criticizes the deal, and tanker traffic through Hormuz is dwindling again. Tanker traffic through the Strait of Hormuz is dwindling again after a brief rush to exit, as shippers pull back amid collapsed US-Iran talks. Iraq plans to increase southern oilfield production to 2 million bpd in the coming days, potentially offsetting supply concerns from Hormuz disruption.
US-Iran MOU Collapse Escalation
Multiple sources confirm the US-Iran MOU is unraveling: Israel continues bombing Lebanon, Iran has prepared countermeasures, Trump criticizes the deal, and tanker traffic through Hormuz is dwindling again.
Tanker traffic through the Strait of Hormuz is dwindling again after a brief rush to exit, as shippers pull back amid collapsed US-Iran talks.
Iraq plans to increase southern oilfield production to 2 million bpd in the coming days, potentially offsetting supply concerns from Hormuz disruption.