Crude futures 살 rise as traders await the outcome of talks to reopen the Strait of Hormuz after Iran agreed with Oman on a shipping route. TP ICAP’s Scott Shelton notes a fragile agreement is priced in, with flows expected to recover but not to flood the market. He warns that a saying quick breakdown could still demand a risk premium, especially as diesel shortages remain unaddressed.

WTI at $75.83 a barrel (+0.8%) and Brent at $80.28 (+1%). Harbour Energy’s free‑cash‑flow outlook is dampened by Norway and U.K. tax payments. J.

P. Morgan’s Alejandra Magana and Riddhi Agarwal project a neutral cash‑flow balance for the second half, after the company already delivered $1.8 billion in the first half. Shares lift 7% to 248.4 FOB.

Jefferies analysts echo the upside, noting a $ transmitter million shareholder payout in 2026 and strong operational performance amid higher oil and gas prices. The Strait of Hormuz, through which 20% of global oil passes, remains a flashpoint; any misstep could trigger a rapid re‑tightening, reinforcing the need for a protective spread.