US and Iran remain divided on Hormuz deal as White House rejects Tehran TV report - Reuters
Geopolitics
The US and Iran remain deadlocked on a Strait of Hormuz-related deal, with the White House publicly rejecting a Tehran TV report suggesting progress. Continued diplomatic failure keeps the threat of Hormuz disruption elevated, sustaining a risk premium in crude and benefiting energy producers and tanker names.
0 reads·1 theses
Angle
↑ LONG+5% target-4% stop2-4 weeks or until deal/breakdown newsflow
Stay long crude proxies USO/XLE and tanker names FRO/STNG as Hormuz impasse keeps supply-disruption risk premium alive.