WS #10445
Multiple sources confirm progress in US-Iran talks and a surge in Iranian oil shipments, with Brent crude falling 3.6% to $77.54, countering the previous oil supply crisis narrative. Ukraine intensifies drone strikes on Russian oil refineries, depots, and ferries, including a key oil depot in Kerch, Crimea, potentially supporting oil prices.
US-Iran de-escalation and oil supply surge
Multiple sources confirm progress in US-Iran talks and a surge in Iranian oil shipments, with Brent crude falling 3.6% to $77.54, countering the previous oil supply crisis narrative.
Ukraine intensifies drone strikes on Russian oil refineries, depots, and ferries, including a key oil depot in Kerch, Crimea, potentially supporting oil prices.