EQNR, PBR/SPM, EU GAS, LATAM O&G/PETCHEMS, SHELx2, REP/ MOL: EU Energy Sector Specialist Commentary Oil - O‘G‘s - Utilities - Infrastructure

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EQNR, PBR/SPM, EU GAS, LATAM O&G/PETCHEMS, SHELx2, REP/ MOL: EU Energy Sector Specialist Commentary Oil - O‘G‘s - Utilities - Infrastructure

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COMMODITIES - more details of peace deal emerge, Iran and Israel at odds over Lebanon withdrawal

-WSJ says Iran will be able to immediately begin selling oil and fuel after the peace deal is signed on Friday. Reuters reporting a

$300B fund is in place for Iran Reconstruction with $150B+ already committed including loans, credit lines and directly financing

reconstruction of sites damaged in the war, including industrial facilities and infrastructure. Sustained relief via releasing $100bn

frozen assets would be tied to Iran’s performanceon re-opening of the SoH and its’ nuclear program.

- Iran’s foreign minister said the war with America would not “fully come to an end” until Israel withdraws its troops from

southern Lebanon, and threatened a “hard response” if Israeli strikes on Lebanon continued. Israel said withdrawal from Lebanon

is not part of the peace deal

- Trump told reporters the U.S. is in no hurry to obtain Iran’s Highly Enriched Uranium, because it was using satellites to monitor

the facility where it is buried. “We’re in no rush, but we get it, and when we get it, we’ll destroy it,” he said

- Iranian oil-tankers passed through the Strait of Hormuz for the first time in two months, according to TankerTrackers, a ship-

monitoring website.

- Two oil tankers heading toward Africa have u-turned in the Indian Ocean, switching their destinations to the Middle East ahead