WS #11774
Oil prices fell and stocks rose after Trump signaled no 'long-term' military action, while Iran claims Hormuz traffic recovering 50%, countering the bearish oil supply disruption thesis. Ukrainian drones struck multiple Russian oil refineries and depots, causing fires and fuel shortages, but market impact muted by broader oil price retreat.
US-Iran Conflict De-escalation Signals
Oil prices fell and stocks rose after Trump signaled no 'long-term' military action, while Iran claims Hormuz traffic recovering 50%, countering the bearish oil supply disruption thesis.
Ukrainian drones struck multiple Russian oil refineries and depots, causing fires and fuel shortages, but market impact muted by broader oil price retreat.