WS #11137
VP Vance confirms oil traffic through Strait of Hormuz exceeds pre-war levels; Goldman Sachs warns of oil oversupply, pressuring crude prices and energy stocks. Trump weighs full-scale war with Iran but opts to continue diplomatic talks, reducing near-term escalation risk but keeping geopolitical premium in oil.
Oil market oversupply fears grow as Hormuz traffic normalizes
VP Vance confirms oil traffic through Strait of Hormuz exceeds pre-war levels; Goldman Sachs warns of oil oversupply, pressuring crude prices and energy stocks.
Trump weighs full-scale war with Iran but opts to continue diplomatic talks, reducing near-term escalation risk but keeping geopolitical premium in oil.