Energy

Brent crude fell below $73 a barrel on Friday — its lowest print since February 27 — as the reopening of the Strait of Hormuz gathered pace and geopolitical risk premiums began to rapidly unwind.

US natural gas futures climbed toward $3.32 per MMBtu, the highest in three weeks, as stronger LNG export terminal flows and heat forecasts through July 10 combined to lift demand expectations.

• ASP Isotopes (ASPI) fell about 10%, ranking among the biggest stock losers in the USA on a market-data screener.

• Bimergen Energy (BESS) fell about 12%, ranking among the biggest stock losers in the USA on a market-data screener.

Crude oil tumbled close to 4% to $69 a barrel, its weakest level since late February, as tanker transits through the Strait of Hormuz accelerated sharply on the back of US-Iran peace progress.

• The notes are part of a material agreement that outlines the terms and conditions of the issuance.

• Proceeds will be used to repurchase its 6.000% senior notes through a concurrent tender offer.