US-Iran Deal to Reopen Hormuz Remains Fragile — NRG-IA

Donald Trump says the United States and Iran have "largely negotiated" the framework of a deal that would include reopening the Strait of Hormuz, but his administration indicates it will not rush to sign and that the US blockade remains in place for now. The market reacted swiftly: Brent fell by nearly 6% to $97.69 per barrel, while WTI dropped to $90.85 per barrel, buoyed by hopes that one of the world's most critical energy transit routes could be reopened. Prices reacted ahead of infrastructure The drop in oil prices shows the market is buying into a de-escalation scenario, but it does not yet confirm a return to normal flows. Reuters notes that the two sides remain at odds over difficult issues, and Trump said on Sunday that he had told negotiators not to rush. For the energy sector, this distinction is critical: a political agreement can lower the risk premium, but the physical transport of oil and LNG requires maritime security, insurance, clear routes, and shipowners'…