WS #13665
Iran's IRGC and FM reiterate that Hormuz reopening is conditional on US accepting Iran's terms, while UAE reports another ADNOC tanker hit by missile, escalating maritime security risks and keeping oil prices elevated. US Senate passes sweeping Russia sanctions bill (86-11) authorizing up to 100% tariffs on buyers of Russian oil, while Sinopec increases Russian crude purchases, indicating China's resilience and potential trade tensions. Ukrainian drones hit two Rosneft refineries (Syzran and Ilsky), causing fires and disrupting Russian refining capacity, which could tighten fuel supplies and support oil prices.
Iran-US Conflict Escalation
Iran's IRGC and FM reiterate that Hormuz reopening is conditional on US accepting Iran's terms, while UAE reports another ADNOC tanker hit by missile, escalating maritime security risks and keeping oil prices elevated.
US Senate passes sweeping Russia sanctions bill (86-11) authorizing up to 100% tariffs on buyers of Russian oil, while Sinopec increases Russian crude purchases, indicating China's resilience and potential trade tensions.
Ukrainian drones hit two Rosneft refineries (Syzran and Ilsky), causing fires and disrupting Russian refining capacity, which could tighten fuel supplies and support oil prices.