West Texas Intermediate & Iran — Supreme National Security Council

West Texas Intermediate: West Texas Intermediate crude prices fell on hopes of a U.S.-Iran ceasefire extension, which could alleviate supply concerns and reduce upward price pressure.

Iran — Supreme National Security Council: The Iran — Supreme National Security Council announced the formation of a new body, the Persian Gulf Strait Authority, to manage the Strait of Hormuz, asserting Iran's control over the vital waterway. Its SecondaryDetail is Iran.

West Texas Intermediate: West Texas Intermediate>>> prices have fallen on hopes of a peace deal, reflecting the market's expectation of increased oil supply.

Iran — Supreme National Security Council: The Iran — Supreme National Security Council>>> of Iran>>> announced the formation of the Persian Gulf Strait Authority to manage the Strait of Hormuz>>>.

West Texas Intermediate: US oil benchmark; also rose on supply worries.

Iran — Supreme National Security Council: Iran's top security body; new head Rezaei sets conditions for reopening strait.

West Texas Intermediate: WTI rose to $83.78, mirroring Brent's gains due to the Hormuz closure.

Iran — Supreme National Security Council: Iran's Iran — Supreme National Security Council said the strait will remain closed until US changes behavior.

West Texas Intermediate: WTI prices are elevated due to the Hormuz closure, impacting inflation and markets.

Iran — Supreme National Security Council: The SNSC, led by Zolghadr, has outlined Iran's conditions for reopening the strait.

West Texas Intermediate: US oil benchmark rising, reflecting market concerns over Hormuz closure.

Iran — Supreme National Security Council: Iranian body involved in national security decisions, with new head criticizing US.

Iran — Supreme National Security Council: Iran's Iran — Supreme National Security Council accepted the two-week ceasefire and agreed to negotiate with the United States in Islamabad.