WS #11340
Iran rejects US offer of $100B frozen funds for Strait of Hormuz security, insists on tolls; European governments view tolls as nearly inevitable, escalating oil supply disruption risk. Citi forecasts Brent crude could fall to $60/barrel by year-end as Hormuz traffic normalizes, a bearish signal for energy stocks.
US-Iran Strait of Hormuz Tensions Escalate
Iran rejects US offer of $100B frozen funds for Strait of Hormuz security, insists on tolls; European governments view tolls as nearly inevitable, escalating oil supply disruption risk.
Citi forecasts Brent crude could fall to $60/barrel by year-end as Hormuz traffic normalizes, a bearish signal for energy stocks.