WS #13597
Iran's bill to ban US/Israeli ships and impose fees on Hormuz traffic, with US rejecting the proposal, keeps oil supply risk elevated; shipping traffic remains low despite talks. Saudi Arabia, Turkey, and Pakistan sign joint defence pact; Russia-Ukraine conflict escalates with record glide bomb usage; Iran to receive Chinese MANPADS.
Strait of Hormuz and Oil Supply Disruption
Iran's bill to ban US/Israeli ships and impose fees on Hormuz traffic, with US rejecting the proposal, keeps oil supply risk elevated; shipping traffic remains low despite talks.
Saudi Arabia, Turkey, and Pakistan sign joint defence pact; Russia-Ukraine conflict escalates with record glide bomb usage; Iran to receive Chinese MANPADS.