Iran Deal Oil Markets

Tehran seeks to diversify export base under temporary sanctions relief, but Japanese firms cite safety and duration concerns.

Tehran seeks to diversify export destinations amid a temporary 60-day waiver, though buyers demand longer terms and safety assurances.

Tehran seeks to diversify export destinations beyond traditional Asian hubs, while prospective buyers push for extended waiver terms to secure supply chains.

▲ 3.49%  close $26.68 from $25.78

▲ 4.37%  close $25.78 from $24.70

▲ 3.92%  close $2863.00 from $2755.00

▼ 3.84%  close $2755.00 from $2865.00

▼ 3.47%  close $2755.00 from $2854.00

▲ 3.99%  close $2865.00 from $2755.00

Transit through the strategic chokepoint slowed sharply following a strike on a Taiwanese-operated ship, reigniting supply fears despite a recent ceasefire agreement between Washington and Tehran.

Brent crude and WTI crude are tracking for steep weekly losses as the exit of stranded tankers from the Strait of Hormuz outweighs fresh security concerns near Oman.

Oil prices retreat sharply as tanker traffic resumes through the Strait of Hormuz, overshadowing a recent vessel attack near Oman and easing immediate supply disruption fears.

Traders are increasingly betting that a surge in global crude supplies will outweigh lingering geopolitical risks in the Middle East, pushing benchmarks to their lowest levels since the outbreak of the Iran conflict.

Crude benchmarks slide toward pre-war levels as vessel movements normalize, signaling a rapid unwind of the shipping risk premium that has weighed on energy markets.

Analysts point to tightening global stocks and resilient demand as key drivers for sustained higher energy prices in the second half of the year.

The first outbound shipments in months signal a potential thaw in U.S.-Iran naval tensions, though the ceasefire window remains tight.

The first outbound shipments in months signal a potential thaw in U.S.-Iran naval tensions, though the ceasefire window remains tight.

▼ 9.55%  close $84.29 from $93.19

▲ 3.56%  close $4207.90 from $4063.30

Crude sells off on de-escalation hopes, but Iranian resistance to the deal keeps supply-risk premiums in play.

Crude sells off on de-escalation hopes, but Iranian resistance to the deal keeps supply-risk premiums in play.

“over the next few days,”

“have been brought to the highest level of Iranian leadership and approved.”

“Of course, it seems that given that the US has accepted the text proposed by Iran, there is a possibility of re-examining this text,”

▲ 3.55%  close $91.85 from $88.70

▼ 3.86%  close $4100.00 from $4264.60

▼ 4.08%  close $3.22 from $3.36

▼ 3.52%  close $4319.10 from $4476.50

▲ 3.03%  close $26.84 from $26.05

▼ 3.42%  close $92.91 from $96.20

▲ 3.13%  close $3.36 from $3.25

▲ 3.01%  close $96.20 from $93.39

▲ 5.37%  close $92.47 from $87.76

▲ 8.79%  close $3.30 from $3.04

▼ 4.45%  close $89.41 from $93.57

▲ 5.05%  close $3.04 from $2.89

▼ 3.54%  close $93.57 from $97.00

▼ 8.76%  close $99.08 from $108.59

▲ 3.10%  close $3155.00 from $3060.00

▲ 3.04%  close $3.12 from $3.02

The move reduces immediate geopolitical risk, shifting focus to broader energy market dynamics.

“scheduled attack of Iran tomorrow”

“what's going to be happening soon,”

“we were getting ready to do a very major attack tomorrow.”

“I put it off for a little while, hopefully maybe forever, but possibly for a little while”

“we've had very big discussions with Iran, and we'll see what they amount to,”