WS #13543
Iran drafts plan to restrict US/Israeli vessels and impose fines up to 20% of cargo value; proposed Iran-Oman deal deemed unworkable due to sanctions and insurance risks; oil prices surge.
Strait of Hormuz escalation
Iran drafts plan to restrict US/Israeli vessels and impose fines up to 20% of cargo value; proposed Iran-Oman deal deemed unworkable due to sanctions and insurance risks; oil prices surge.