WS #11789
Trump declares ceasefire with Iran over, talks continue; tanker traffic slows in Strait of Hormuz; oil prices hold near $72 WTI with weekly gains; IEA notes supply recovery but still below pre-war levels. Ukraine strikes Russian refineries and oil terminals, cutting gasoline production to 65% of summer consumption; bullish for oil and energy stocks, bearish for airlines.
US-Iran ceasefire collapse and oil market impact
Trump declares ceasefire with Iran over, talks continue; tanker traffic slows in Strait of Hormuz; oil prices hold near $72 WTI with weekly gains; IEA notes supply recovery but still below pre-war levels.
Ukraine strikes Russian refineries and oil terminals, cutting gasoline production to 65% of summer consumption; bullish for oil and energy stocks, bearish for airlines.