WS #13165
Iran's PGSA declares Hormuz closed due to US aggression; Iran threatens energy infrastructure; oil prices rise (Brent +2.74% to $89.60), supporting energy stocks and pressuring airlines. Saudi Arabia launches 14-nation maritime defense alliance to protect Red Sea and Bab al-Mandab, potentially mitigating some shipping disruption fears.
Iran closes Strait of Hormuz; oil spikes
Iran's PGSA declares Hormuz closed due to US aggression; Iran threatens energy infrastructure; oil prices rise (Brent +2.74% to $89.60), supporting energy stocks and pressuring airlines.
Saudi Arabia launches 14-nation maritime defense alliance to protect Red Sea and Bab al-Mandab, potentially mitigating some shipping disruption fears.