WS #10334
Iran halts Strait of Hormuz traffic; Trump threatens to seize control and impose 20% oil toll, escalating US-Iran tensions and countering recent de-escalation narrative. Ukraine continues drone strikes on Russian oil refineries and terminals, including Crimea and Tyumen, exacerbating fuel shortages in Russia.
Strait of Hormuz blockade and US-Iran escalation
Iran halts Strait of Hormuz traffic; Trump threatens to seize control and impose 20% oil toll, escalating US-Iran tensions and countering recent de-escalation narrative.
Ukraine continues drone strikes on Russian oil refineries and terminals, including Crimea and Tyumen, exacerbating fuel shortages in Russia.