WS #13666
Iran's IRGC conditions Hormuz reopening on US accepting its terms, while UAE reports an Iranian missile attack on an ADNOC tanker, escalating the conflict and supporting oil prices. The Senate passed the Graham Sanctioning Russia Act, authorizing up to 100% tariffs on buyers of Russian oil, potentially impacting China and India and adding trade tensions. Ukraine agreed to stop attacking non-Russian tankers and Caspian Pipeline infrastructure to protect Kazakh oil exports, a de-escalation that could ease oil supply fears.
Hormuz Reopening Conditions and Tanker Attack
Iran's IRGC conditions Hormuz reopening on US accepting its terms, while UAE reports an Iranian missile attack on an ADNOC tanker, escalating the conflict and supporting oil prices.
The Senate passed the Graham Sanctioning Russia Act, authorizing up to 100% tariffs on buyers of Russian oil, potentially impacting China and India and adding trade tensions.
Ukraine agreed to stop attacking non-Russian tankers and Caspian Pipeline infrastructure to protect Kazakh oil exports, a de-escalation that could ease oil supply fears.