WS #13670
Iran struck an ADNOC tanker in the Strait of Hormuz, while Iran-Oman talks on a new shipping route are 'very close' but reopening is conditional on US concessions, keeping oil supply risk elevated. The US Senate passed the Graham Russia-Iran Sanctions Act (86-11), allowing 100% tariffs on top importers of Russian oil and extending Iran sanctions to 2031, adding trade-war risk.
Strait of Hormuz escalation and Iran-Oman talks
Iran struck an ADNOC tanker in the Strait of Hormuz, while Iran-Oman talks on a new shipping route are 'very close' but reopening is conditional on US concessions, keeping oil supply risk elevated.
The US Senate passed the Graham Russia-Iran Sanctions Act (86-11), allowing 100% tariffs on top importers of Russian oil and extending Iran sanctions to 2031, adding trade-war risk.