WS #13545
Iran's restrictive Hormuz transit plan and unworkable fee structure are driving oil prices up ~4% (Brent ~$82.6), with shipping industry pushback and US sanctions complicating any deal. Washington Post reports Trump-Hegseth clash over depleted munitions, derailing planned Iran attack; Trump denies and backs Hegseth, raising geopolitical uncertainty.
Strait of Hormuz crisis and oil price surge
Iran's restrictive Hormuz transit plan and unworkable fee structure are driving oil prices up ~4% (Brent ~$82.6), with shipping industry pushback and US sanctions complicating any deal.
Washington Post reports Trump-Hegseth clash over depleted munitions, derailing planned Iran attack; Trump denies and backs Hegseth, raising geopolitical uncertainty.