WS #11213
Strait of Hormuz oil flows surge past 10M bbl/day, US-Iran talks continue without escalation, OPEC+ expected to increase output, Morgan Stanley cuts Brent forecast to $75/bbl — all pointing to rapid unwinding of war-driven oil premium.
Oil de-escalation and Strait of Hormuz recovery
Strait of Hormuz oil flows surge past 10M bbl/day, US-Iran talks continue without escalation, OPEC+ expected to increase output, Morgan Stanley cuts Brent forecast to $75/bbl — all pointing to rapid unwinding of war-driven oil premium.