WS #10212
Vance says 12M+ barrels crossed Strait overnight, oil falls toward $78, countering IRGC closure announcement and bearish oil thesis. Ukraine drone strikes on Moscow refinery cause gasoline shortages and rationing in Moscow, potentially tightening global fuel supply.
Strait of Hormuz Oil Supply Counter-Signal
Vance says 12M+ barrels crossed Strait overnight, oil falls toward $78, countering IRGC closure announcement and bearish oil thesis.
Ukraine drone strikes on Moscow refinery cause gasoline shortages and rationing in Moscow, potentially tightening global fuel supply.