WS #13549
Iranian parliament reviews bill to ban US/Israeli vessels from Hormuz and fine violators 20% of cargo value, spiking oil prices (Brent +3.89%, WTI +3.31%) and renewing supply risk, while Iran-Oman route deal faces shipping industry pushback. Honeywell Aerospace slashed 2026 organic sales growth outlook to 4-5% from 7-9% and EPS guidance to $7.60-$7.90 (vs $8.86 est.) due to supply constraints, sending shares down ~20-26%.
Strait of Hormuz escalation and oil price spike
Iranian parliament reviews bill to ban US/Israeli vessels from Hormuz and fine violators 20% of cargo value, spiking oil prices (Brent +3.89%, WTI +3.31%) and renewing supply risk, while Iran-Oman route deal faces shipping industry pushback.
Honeywell Aerospace slashed 2026 organic sales growth outlook to 4-5% from 7-9% and EPS guidance to $7.60-$7.90 (vs $8.86 est.) due to supply constraints, sending shares down ~20-26%.