Shares of oil and gas-related companies are trading lower after reports suggesting that a draft unofficial MOU framework between the U.S. and Iran calls for military withdrawals and the return of Strait of Hormuz vessel traffic to pre-war levels.

Baker Hughes
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Eni Spa
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TechnipFMC

Baker Hughes

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BP

BP

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Eni Spa

E

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TechnipFMC

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Shares of oil and gas-related companies are trading lower after reports suggesting that a draft unofficial MOU framework between the U.S. and Iran calls for military withdrawals and the return of Strait of Hormuz vessel traffic to pre-war levels.