Trump-Iran Deal to Resume 6 Million-Barrel Oil Flows, Schwarzman Attends
BX•Donald Trump and Iran signed a memorandum to reopen the Strait of Hormuz within 30 days, resuming 6 million barrels of Saudi oil and starting a 60-day nuclear negotiation period. Blackstone CEO Steve Schwarzman attended the Versailles signing; easing oil bottlenecks could lower oil prices and pressure Blackstone’s energy valuations.
1. Agreement to Reopen Strait
Donald Trump and Iran signed a memorandum of understanding at Versailles to reopen the Strait of Hormuz within 30 days. The deal allows passage of around 6 million barrels of Saudi oil that were blocked since the February conflict and launches a 60-day period of nuclear negotiations.
2. Blackstone Presence and Potential Impact
Blackstone CEO Steve Schwarzman attended the signing, highlighting the firm’s interest in energy markets. Easing of shipping bottlenecks and potential oil price declines could weigh on the valuations of Blackstone’s energy infrastructure holdings and related commodity investments.
