Oil slides nearly 2% as markets look past fresh Iran tensions and focus on supply outlook

TL;DR

Oil futures, Brent and WTI, fell by 1.89% and 1.92% respectively.
A cargo ship near the Strait of Hormuz was attacked, with Iran implicated by a U.S. official.
The ship reported no casualties or environmental damage.
The International Maritime Organization secretary-general has temporarily paused an evacuation plan.
Disagreements persist between Iran and the U.S. over the use of unfrozen Iranian assets.
Iran's parliament speaker rejected claims that frozen assets would be used for U.S. agricultural products.
OPEC may face another exit, with Iraq reportedly seeking a higher production quota.
Scott Nations expressed skepticism about the current optimism regarding the situation.

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