WS #11339
US offers $100B frozen funds to Iran for Hormuz reopening, but Iran rejects and insists on tolls; European governments view tolls as nearly inevitable, escalating oil supply risk. Citi predicts Brent crude could fall to $60/barrel by year-end as Hormuz traffic normalizes, bearish for energy stocks.
Strait of Hormuz Tensions Escalate
US offers $100B frozen funds to Iran for Hormuz reopening, but Iran rejects and insists on tolls; European governments view tolls as nearly inevitable, escalating oil supply risk.
Citi predicts Brent crude could fall to $60/barrel by year-end as Hormuz traffic normalizes, bearish for energy stocks.