US Treasury Secretary Bessent says we know that Iran has not mined the Strait of Hormuz, notes a lower oil price regime over the medium-term after the conflict
The statement from US Treasury Secretary Bessent clarifies that Iran has not engaged in mining the Strait of Hormuz, which could reduce immediate concerns around supply disruptions in a critical oil transit route.
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US Treasury Secretary Bessent says we know that Iran has not mined the Strait of Hormuz, notes a lower oil price regime over the medium-term after the conflict
North Korea accuses Japan of pushing the region into danger for its long-range missile deployments and claims Japan's military buildup is part of preparations for a reinvasion, according to KCNA
Drone attack has wounded six French soldiers at a joint base in Northern Iraq
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Additionally, the mention of a lower oil price regime over the medium-term suggests that the market may start pricing in reduced geopolitical risk, potentially stabilizing energy prices following recent tensions.
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