WS #11126
US Senate passes war powers resolution to halt military action against Iran, symbolic but could reduce geopolitical risk premium on oil. Morgan Stanley cuts Brent forecast to $75/bbl for Q3/Q4, citing faster Hormuz recovery and weak demand, countering oil supply crisis thesis.
US Senate Votes to Halt Iran War
US Senate passes war powers resolution to halt military action against Iran, symbolic but could reduce geopolitical risk premium on oil.
Morgan Stanley cuts Brent forecast to $75/bbl for Q3/Q4, citing faster Hormuz recovery and weak demand, countering oil supply crisis thesis.