WS #13343
Trump claims Hormuz is 'completely controlled' and cancels strikes, oil plunges ~7%, but Iran denies direct talks and Hormuz traffic remains minimal, keeping geopolitical risk elevated. Trump publicly criticizes oil companies for making 'too much money' and demands lower gas prices, adding political pressure on energy majors. FAA certifies Boeing 737 MAX 7, positive for BA, with BNP upgrading to Outperform.
US-Iran de-escalation and oil price collapse
Trump claims Hormuz is 'completely controlled' and cancels strikes, oil plunges ~7%, but Iran denies direct talks and Hormuz traffic remains minimal, keeping geopolitical risk elevated.
Trump publicly criticizes oil companies for making 'too much money' and demands lower gas prices, adding political pressure on energy majors.
FAA certifies Boeing 737 MAX 7, positive for BA, with BNP upgrading to Outperform.