WS #10283
Iran announces renewed closure of Strait of Hormuz, citing Israeli operations in Lebanon and US bad faith, while US-Iran talks are set to begin Sunday in Switzerland, creating a high-stakes binary for oil markets. Ukrainian drone strikes hit Moscow oil refinery and Tyumen refinery in Siberia, the latter over 2,000 km from Ukraine, potentially disrupting Russian oil processing capacity.
Strait of Hormuz Re-Closure and US-Iran Talks
Iran announces renewed closure of Strait of Hormuz, citing Israeli operations in Lebanon and US bad faith, while US-Iran talks are set to begin Sunday in Switzerland, creating a high-stakes binary for oil markets.
Ukrainian drone strikes hit Moscow oil refinery and Tyumen refinery in Siberia, the latter over 2,000 km from Ukraine, potentially disrupting Russian oil processing capacity.