WS #13539
Iran and Oman are close to a deal to reopen the Strait of Hormuz, but Iran's parliament is also drafting a bill to fine US/Israeli vessels up to 20% of cargo value, creating mixed signals for oil prices. Ukraine hit two Russian oil refineries (Yaroslavl and Bashneft-Novoil), escalating economic warfare and supporting oil prices. North Korea fired a short-range ballistic missile, first in 40+ days, ahead of US-South Korea drills, raising geopolitical tensions in the region.
Iran-Oman Hormuz deal and oil price
Iran and Oman are close to a deal to reopen the Strait of Hormuz, but Iran's parliament is also drafting a bill to fine US/Israeli vessels up to 20% of cargo value, creating mixed signals for oil prices.
Ukraine hit two Russian oil refineries (Yaroslavl and Bashneft-Novoil), escalating economic warfare and supporting oil prices.
North Korea fired a short-range ballistic missile, first in 40+ days, ahead of US-South Korea drills, raising geopolitical tensions in the region.