WS #10561
Senate passes bipartisan War Powers Resolution to constrain Trump's Iran military action, reducing geopolitical risk premium. Strait of Hormuz at 60% of normal traffic, war risk premium at 8% (53x normal), but some vessels transited briefly last week. Ukrainian drones strike oil storage in Crimea, continuing campaign against Russian oil infrastructure. UAE oil exports recover to 85% of pre-war levels, countering oil supply crisis narrative.
Senate War Powers Resolution on Iran
Senate passes bipartisan War Powers Resolution to constrain Trump's Iran military action, reducing geopolitical risk premium.
Strait of Hormuz at 60% of normal traffic, war risk premium at 8% (53x normal), but some vessels transited briefly last week.
Ukrainian drones strike oil storage in Crimea, continuing campaign against Russian oil infrastructure.
UAE oil exports recover to 85% of pre-war levels, countering oil supply crisis narrative.