Anonymousabout 2 hours ago
Oil prices have dropped sharply — WTI falling as much as 15% — on reports that the US and Iran are nearing a deal to end the 2026 Gulf war and reopen the Strait of Hormuz, while the dollar weakened against major currencies. But a mass AIS blackout on tankers near Fujairah, Iran's degraded production infrastructure, and deep legal and geopolitical obstacles raise serious questions about whether markets are pricing in relief that may never fully materialize.