55ENERGY
⚡ Markets: If realized, this would fundamentally reduce Iran's geopolitical leverage and lower the risk premium on oil from Mideast disruptions. Bearish for long-term oil prices.BrentWTI
US Treasury Secretary Scott Bessent stated that Gulf oil producers are accelerating pipeline construction that could allow them to bypass the Strait of Hormuz within two years. The statement comes as the US announced it would likely impose new sanctions on Iranian banks this week.
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