WS #13582
Iran's draft bill to bar US/Israeli ships and impose transit fees on Hormuz, with Oman deal fragile, pushes oil prices up ~4% and raises geopolitical risk premium. Brent crude jumps to $83.45 and WTI to $78 on Hormuz concerns, pressuring equities and raising inflation fears ahead of US jobs data.
Strait of Hormuz Crisis Escalation
Iran's draft bill to bar US/Israeli ships and impose transit fees on Hormuz, with Oman deal fragile, pushes oil prices up ~4% and raises geopolitical risk premium.
Brent crude jumps to $83.45 and WTI to $78 on Hormuz concerns, pressuring equities and raising inflation fears ahead of US jobs data.