WS #10292
Iran formally closes Strait of Hormuz, Trump rejects tolls, Lloyd's List reports mandatory insurance scheme, escalating geopolitical risk for oil and shipping. Ukraine confirms drone strikes on Tyumen and Moscow refineries, with satellite-confirmed damage, escalating supply risk for Russian oil. CNN reports US SPR at lowest level since 1983, reducing ability to counter oil supply disruptions.
Strait of Hormuz Closure Escalation
Iran formally closes Strait of Hormuz, Trump rejects tolls, Lloyd's List reports mandatory insurance scheme, escalating geopolitical risk for oil and shipping.
Ukraine confirms drone strikes on Tyumen and Moscow refineries, with satellite-confirmed damage, escalating supply risk for Russian oil.
CNN reports US SPR at lowest level since 1983, reducing ability to counter oil supply disruptions.