[US-Israel, Iran War Day #161] Oil Rises as Market Awaits Possible US-Iran Hormuz Deal

In Brief…

• US Treasury Secretary Scott Bessent said a 30- to 60-day ceasefire agreement with Iran could come “shortly, maybe even today, tomorrow,” in an interview with 12News.
• An Iraqi government official told Iran International that Baghdad was preparing decisive action against Iran-backed militias amid intelligence that some groups were planning attacks against Saudi Arabia, Kuwait, Jordan and Syria.
• A loud boom was heard near the Strait of Hormuz on Thursday, with a provincial security official saying authorities were investigating its source and that no impact had been reported in Qeshm or Bandar Abbas.
• Iran is pushing for ships to pay for services including insurance, refueling and environmental protection under a proposed Hormuz shipping deal with Oman, an Iranian Foreign Ministry source told Fars.
• US President Donald Trump said on Thursday that the United States had ample munitions and was expanding domestic production, rejecting leaked claims about US stockpiles.

This is a developing story that HO1 will continue to monitor.
Check back for updates.

[UPDATE] US says it will lift Iran port blockade once Hormuz deal reached