WS #10564
US Senate passes Iran War Powers Resolution 50-48, demanding removal of US forces from hostilities against Iran, potentially reintroducing geopolitical risk to oil markets. Ukrainian drone strike destroys five oil storage tanks at Palkino station; Reuters reports Ukraine's refinery attacks wiped out quarter of Russia's gasoline output, tightening global fuel supply. 172 vessels have crossed Strait of Hormuz since US-Iran deal, but volumes remain below pre-conflict averages with 200+ tankers waiting, indicating gradual normalization.
US Senate Iran War Powers Resolution
US Senate passes Iran War Powers Resolution 50-48, demanding removal of US forces from hostilities against Iran, potentially reintroducing geopolitical risk to oil markets.
Ukrainian drone strike destroys five oil storage tanks at Palkino station; Reuters reports Ukraine's refinery attacks wiped out quarter of Russia's gasoline output, tightening global fuel supply.
172 vessels have crossed Strait of Hormuz since US-Iran deal, but volumes remain below pre-conflict averages with 200+ tankers waiting, indicating gradual normalization.