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Crude benchmarks slip on reports that Gulf Ministers plan to meet Iranian counterparts; DXY eyes US CPI - Newsquawk US Market Open
Gulf Foreign Ministers plan to meet with their Iranian counterpart in an effort by Oman and Iran to secure a deal on shipping through the Strait of Hormuz, according to FT. Saudi Crown Prince MBS called President Trump twice on Thursday, urging him to launch strikes against Houthis, but Trump declined. IEA OMR sees 2026 world oil demand falling more than prior due to the impasse in US-Iran talks. US equity futures are bid; Oracle shares gain after a strong earnings report.
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ft.com
Oil hits $108 ahead of Iran’s meeting with Gulf states
Regional countries hope a temporary shipping agreement between Iran and Oman can offer a pathway to reopening the Strait of Hormuz
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zerohedge.com
Crude benchmarks slip on reports that Gulf Ministers plan to meet Iranian counterparts; DXY eyes US CPI - Newsquawk US Market Open
Gulf Foreign Ministers plan to meet with their Iranian counterpart in an effort by Oman and Iran to secure a deal on shipping through the Strait of Hormuz, according to FT. Saudi…
