WS #13439
Multiple sources report US, Iran, and Oman are nearing an interim deal to reopen the Strait of Hormuz, with announcement targeted for Wednesday, driving oil prices down and stocks to records. Brent and WTI fell over 5% on Hormuz deal hopes, benefiting airlines and consumer stocks but pressuring energy producers, with Trump criticizing oil majors' windfall profits. Russian ballistic missile attack on Kyiv and Ukrainian drone strikes on Russian infrastructure continue, alongside Israeli West Bank seizures, indicating persistent geopolitical risk.
US-Iran Hormuz deal progress
Multiple sources report US, Iran, and Oman are nearing an interim deal to reopen the Strait of Hormuz, with announcement targeted for Wednesday, driving oil prices down and stocks to records.
Brent and WTI fell over 5% on Hormuz deal hopes, benefiting airlines and consumer stocks but pressuring energy producers, with Trump criticizing oil majors' windfall profits.
Russian ballistic missile attack on Kyiv and Ukrainian drone strikes on Russian infrastructure continue, alongside Israeli West Bank seizures, indicating persistent geopolitical risk.