WS #13544
Iran claims Oman deal on Hormuz transit but shipping sources deem 5-7% fee plan unworkable due to sanctions and insurance voiding; oil prices surge with WTI +3.5% to ~$77.8 and Brent +4% to ~$82.6. Washington Post reports Trump clashed with Hegseth over munitions shortages that derailed planned Iran attack; Trump denies shortages, backs Hegseth, and threatens leakers, keeping geopolitical risk elevated.
Strait of Hormuz crisis escalation
Iran claims Oman deal on Hormuz transit but shipping sources deem 5-7% fee plan unworkable due to sanctions and insurance voiding; oil prices surge with WTI +3.5% to ~$77.8 and Brent +4% to ~$82.6.
Washington Post reports Trump clashed with Hegseth over munitions shortages that derailed planned Iran attack; Trump denies shortages, backs Hegseth, and threatens leakers, keeping geopolitical risk elevated.