JulyAugust
10 Min Read
The U.S. Treasury announced its August 24 Iran package as "the single greatest financial offensive ever marshaled against an adversary"; what came out of it was six tankers and five sectoral determinations. The banks the payments actually run through were not on the list, and Brent settled $2.22 lower that day.
XOM · Since The Event+ 9.68%Read10 Min Read
Iran and Oman have agreed an arrangement that governs the Strait of Hormuz through lanes, tolls and fines of up to 20% of cargo value. The market priced a reopening; what Iran priced is permission.
