Low impact
US Treasury Secretary Bessent said the US has severely damaged Iran's oil export revenue, claiming its shadow tanker fleet is badly weakened, major export terminals are empty, and offshore oil storage is depleted.
Jin1010/23, 09:37 PM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
Brent
Would push up
DaysLow confidence
Claimed severe damage to Iran's oil export capacity raises the supply-risk premium on crude.
WTI
Would push up
DaysLow confidence
Same claimed disruption to Iran's oil exports also supports WTI through the shared supply-risk premium.
What could change this
If the claimed damage to Iran's export capacity proves overstated or unverified, the supply-risk premium could prove overstated.
WTI before and after this story
103.44+3.99%vs previous close
+0.89%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
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