WS #13839
US-Iran negotiations deadlocked over reparations and conditions, keeping oil prices elevated ~5% and sustaining bullish energy/bearish airline dynamics. Drone strike on Libya's Zawiya refinery caused fuel tank fire, adding to oil supply concerns. Ukraine agreed to avoid targeting certain tankers and Black Sea oil infrastructure, a counter-signal that could ease oil supply concerns.
Strait of Hormuz Oil Crisis
US-Iran negotiations deadlocked over reparations and conditions, keeping oil prices elevated ~5% and sustaining bullish energy/bearish airline dynamics.
Drone strike on Libya's Zawiya refinery caused fuel tank fire, adding to oil supply concerns.
Ukraine agreed to avoid targeting certain tankers and Black Sea oil infrastructure, a counter-signal that could ease oil supply concerns.