Iranian Tankers Resume After U.S.-Iran MOU; Brent Falls to $78.66
Iranian oil exports began moving again after the U.S. and Iran electronically signed their interim memorandum of understanding, with loaded tankers leaving Chabahar for global markets. Iranian media said 11 Iranian ships had sailed through the U.S. blockade since the MoU was finalized, while Brent crude fell 89 cents, or 1.12%, to $78.66 a barrel and West Texas Intermediate dropped 98 cents, or 1.28%, to $75.81 in early Thursday trading.
The flows are an early sign that the 14-point accord is starting to translate into physical supply. Under the MoU, the U.S. is to issue waivers for Iranian crude sales and related banking, insurance and transport services immediately and the two sides have 60 days to negotiate a final agreement, but the text still allows up to 30 days to restore shipping and leaves longer-term arrangements in the Strait of Hormuz for later talks. Oil was also pressured by the International Energy Agency’s forecast of a supply glut next year.
From the sources (25 posts)
@staunovoOil markets have reacted with enthusiasm to an interim agreement between US and Iran which should reopen the Strait of Hormuz and restore oil and gas flows — but that return to normality could be months away, analysts warn. A deal will eas
@staunovoA US-Iran deal intended to reopen the Strait of Hormuz within days has been met with caution by shipowners and traders, with almost all saying they would need more details in order to assess whether safe transits are possible after months o
@bulltheoryioAsian markets are surging, adding over $1 trillion in market value following President Trump's US-Iran peace deal announcement. Japan’s Nikkei is up +5%, adding $430 Billion to its market cap and hit new all-time high. Korea’s KOSPI is up
@marionawfal🇮🇱 Israel's Ben-Gvir says Trump's deal does not bind Israel, and he is drawing a hard line on Beirut. "Israel is not subject to the United States, and we are an independent and sovereign nation. We love the USA and are grateful to Presiden
@reutersOil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz
@reutersUS and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Tehran's nuclear program to further negotiations https://t.
@marionawfal🇺🇸 Trump says he'll restart strikes on Iran if it doesn't reach a final nuclear deal. He said the U.S. would either go back to attacking Tehran or become "the guardian of the Middle East" in return for 20% of the region's revenues. He ins
@polymarketintelIran's Mehr News Agency published the supposed 14 MOU clauses. $24 billion in frozen funds released in two tranches. Oil sanctions suspended. Naval blockade lifted within 30 days. U.S. commits to withdrawing forces, non-interference, and no
@polymarketintelIran's Supreme National Security Council: MOU ending the war with the U.S. finalized June 14. Permanent ceasefire tonight across all fronts including Lebanon. Naval blockade to be lifted immediately. Official signing set for June 19. Iran s
@financialjuiceECB's Nagel: Oil supply to take months to recover once the Strait opens
@staunovoRT @SStapczynski: The ship is near the exit of Hormuz. The tanker has kept its AIS on the entire time -- pretty uncommon for LNG ships sinc…
@firstsquawkU.S. CRUDE FUTURES FALL BELOW $80/BBL FOR FIRST TIME SINCE MARCH AFTER US, IRAN REACH PEACE DEAL
@businessThe US and Iran said they reached an interim agreement to reopen the Strait of Hormuz, halting a war that killed thousands of people. Rosalind Mathieson has the latest.
@mattparlmerRT @HormuzLetter: BREAKING: Iran says the US has agreed to pay $300 billion in reconstruction funds directly to Iran as part of the deal Pa…
@wsjmarketsU.S. Futures, Global Stocks Rise; Oil Prices Tumble on Iran Peace Deal
@marionawfal🇺🇸🇮🇷 The U.S. and Iran are telling very different stories about the money. Iran's Mehr news agency reported the deal commits Washington to releasing $24 billion in frozen Iranian assets during the 60-day talks, with half handed over before
@lloydslistA 60‑day US–Iran ceasefire has reopened the Strait of Hormuz, triggering rapid market reactions, but the maritime sector remains cautious amid unclear rules, unresolved nuclear negotiations and fears of reclosure
@businessUS stock index futures jumped and oil prices slumped after Washington and Tehran reached an interim deal to reopen the Strait of Hormuz
@marionawfal🇮🇱 Israel's Finance Minister Bezalel Smotrich: "The agreement with Iran is bad for Israel and for the entire free world. Period." He vowed Israel would keep working to topple the Iranian regime "ourselves and in creative ways," and to make
@cryptoroverBREAKING: 🇺🇸 🇮🇷 Iranian state media says the U.S. agreed to present reconstruction plans for Iran worth least 300 billion dollars.
@businessThe US and Iran have now reached an interim agreement that should restore flows through the Strait of Hormuz, but a return to normal trade is still months away. Read more: 📷️: Fadel Senna/AFP/Getty Images https://t.
@staunovoOne LNG tanker passes Hormuz after US-Iran agree to deal, shippers stay cautious
@dalperovitchRT @staunovo: One LNG tanker passes Hormuz after US-Iran agree to deal, shippers stay cautious
@marionawfal🇮🇷 Iran's FM says the U.S. is responsible for making the deal stick, and that Israel's attacks on Lebanon have to stop completely. Abbas Araghchi made the comments in separate calls with his Turkish, Iraqi and Egyptian counterparts. His m
@cryptorover🚀ASIAN MARKETS JUST ADDED NEARLY $1 TRILLION IN A SINGLE DAY AFTER TRUMP’S PEACE DEAL ANNOUNCEMENT. 🇯🇵 Nikkei +4.99% +¥51 trillion added. 🇰🇷 KOSPI +5.2% +₩331 trillion added. 🇮🇳 Nifty +1.19% +₹5 trillion added. 🇹🇼 Taiwan +2.78% +NT$4.1