WS #13050
IRGC claims destruction of F-35s, oil tankers turn back from Strait of Hormuz after fire, and Ukraine strikes Russian refinery, keeping oil supply risk elevated. Israel and Hamas signal progress on Phase 2 ceasefire including Hamas disarmament, potentially de-escalating Gaza conflict.
Middle East escalation and oil supply risk
IRGC claims destruction of F-35s, oil tankers turn back from Strait of Hormuz after fire, and Ukraine strikes Russian refinery, keeping oil supply risk elevated.
Israel and Hamas signal progress on Phase 2 ceasefire including Hamas disarmament, potentially de-escalating Gaza conflict.