WS #13579
Iran's restrictive draft plan for Hormuz (banning US/Israeli ships, fines up to 20% cargo value) is escalating supply disruption fears, pushing oil prices up ~3-4%. Oil prices surged on Hormuz fears and Houthi attacks on Saudi tankers, with refined product cracks at four-year highs due to tight balances.
Strait of Hormuz Escalation
Iran's restrictive draft plan for Hormuz (banning US/Israeli ships, fines up to 20% cargo value) is escalating supply disruption fears, pushing oil prices up ~3-4%.
Oil prices surged on Hormuz fears and Houthi attacks on Saudi tankers, with refined product cracks at four-year highs due to tight balances.