WS #13667
Iran's IRGC says Hormuz reopening depends on US conditions, not Oman talks; UAE reports missile attack on ADNOC tanker, keeping oil prices elevated and pressuring global equities. Ukraine agrees to US request to stop targeting non-Russian tankers and CPC infrastructure, potentially easing oil supply fears and partially offsetting the Hormuz-driven bearish oil thesis. US Senate passes Lindsey Graham Sanctioning Russia Act authorizing up to 100% tariffs on countries buying Russian oil, potentially impacting China and India and adding to trade tensions.
Hormuz escalation and oil supply risk
Iran's IRGC says Hormuz reopening depends on US conditions, not Oman talks; UAE reports missile attack on ADNOC tanker, keeping oil prices elevated and pressuring global equities.
Ukraine agrees to US request to stop targeting non-Russian tankers and CPC infrastructure, potentially easing oil supply fears and partially offsetting the Hormuz-driven bearish oil thesis.
US Senate passes Lindsey Graham Sanctioning Russia Act authorizing up to 100% tariffs on countries buying Russian oil, potentially impacting China and India and adding to trade tensions.