US Treasury Secretary Bessent, on Iranian oil, says, any supply will be helpful, via Fox News; oil market is in a deficit of 10-12mln barrels a day
Importance
Level 1
- Unsanctioned Russian and Iranian oil is "on the water".
- Seeing more supply as countries make deals with Iran.
- Seeing more and more ships, go through the Strait of Hormuz.
- Oil market is well supplied.
- US will take control of the Strait over time. To retake the Strait, whether by the US or international escorts.
#IMPORTANT#ENERGY#EU SESSION#US SESSION#WTI#COMMODITIES#ENERGY & POWER