WS #11310
US and Iran reach provisional deal to reopen Strait of Hormuz, oil prices fall to ~$70/bbl, countering previous escalation narrative and benefiting consumer/transportation sectors.
US-Iran De-escalation and Oil Price Decline
US and Iran reach provisional deal to reopen Strait of Hormuz, oil prices fall to ~$70/bbl, countering previous escalation narrative and benefiting consumer/transportation sectors.