WS #10185
IRGC says Strait of Hormuz remains closed until Israel leaves Lebanon and US forces exit region; oil futures spiked 5.6% before paring; Trump's peace deal collapsed; urea fertilizer prices spiked $80/ton. US official says ceasefire agreed, but Israeli official says forces will stay in southern Lebanon and operations may continue; airstrikes reported minutes after announcement. Ukraine launched 555 drones at Moscow, hitting Kapotnya oil refinery; gasoline shortages reported in Moscow; Kremlin praises air defenses but damage is significant.
Iran Strait of Hormuz Re-Closure & Oil Spike
IRGC says Strait of Hormuz remains closed until Israel leaves Lebanon and US forces exit region; oil futures spiked 5.6% before paring; Trump's peace deal collapsed; urea fertilizer prices spiked $80/ton.
US official says ceasefire agreed, but Israeli official says forces will stay in southern Lebanon and operations may continue; airstrikes reported minutes after announcement.
Ukraine launched 555 drones at Moscow, hitting Kapotnya oil refinery; gasoline shortages reported in Moscow; Kremlin praises air defenses but damage is significant.