WS #10227
Strait of Hormuz reported closed following Israel's refusal to withdraw from southern Lebanon, pushing Brent crude to $92/barrel, with Polymarket questions indicating market expectation of prolonged disruption. Ukraine launched major drone strikes hitting Moscow refinery and Rostov oil depots, escalating energy supply disruption risks. Polish parliament approved a 60% tax on exceptional profits of oil companies from March to December 2026, aiming to raise €950 million to fund energy subsidies.
Strait of Hormuz Closure and Oil Price Spike
Strait of Hormuz reported closed following Israel's refusal to withdraw from southern Lebanon, pushing Brent crude to $92/barrel, with Polymarket questions indicating market expectation of prolonged disruption.
Ukraine launched major drone strikes hitting Moscow refinery and Rostov oil depots, escalating energy supply disruption risks.
Polish parliament approved a 60% tax on exceptional profits of oil companies from March to December 2026, aiming to raise €950 million to fund energy subsidies.