WS #13580
Iran's draft bill to ban US/Israeli ships and impose fees on Hormuz transit, with Saudi Arabia bracing for attacks, drives oil prices up ~3.8%. Brent and WTI rise ~3.8% and ~2.75% respectively on Hormuz fears, with futures extending gains, pressuring equities and boosting safe-haven dollar.
Strait of Hormuz crisis escalation
Iran's draft bill to ban US/Israeli ships and impose fees on Hormuz transit, with Saudi Arabia bracing for attacks, drives oil prices up ~3.8%.
Brent and WTI rise ~3.8% and ~2.75% respectively on Hormuz fears, with futures extending gains, pressuring equities and boosting safe-haven dollar.