WS #12733
Trump ordered the US military not to proceed with planned strikes on Iran, and the US appears to have paused airstrikes for the first time since July 13, signaling potential de-escalation. Houthi missile and drone attacks struck Jizan, Saudi Arabia, hitting a Saudi Aramco 400,000 bpd oil refinery, causing explosions and diverting flights. This is a direct supply-side shock for oil markets. Ukrainian drones struck a Siberian oil refinery, and Kazakh leader Tokayev urged Putin to end the war, adding pressure on Russian energy infrastructure.
US-Iran De-escalation Signal
Trump ordered the US military not to proceed with planned strikes on Iran, and the US appears to have paused airstrikes for the first time since July 13, signaling potential de-escalation.
Houthi missile and drone attacks struck Jizan, Saudi Arabia, hitting a Saudi Aramco 400,000 bpd oil refinery, causing explosions and diverting flights. This is a direct supply-side shock for oil markets.
Ukrainian drones struck a Siberian oil refinery, and Kazakh leader Tokayev urged Putin to end the war, adding pressure on Russian energy infrastructure.