WS #13674
Iran and Oman are 'very close' to a deal on Hormuz shipping, but Iran conditions reopening on US concessions and compensation, while a new ADNOC tanker attack and IRGC demands keep the strait closed, sustaining oil price risk. US Senate passes sweeping Russia sanctions bill allowing 100% tariffs on buyers of Russian oil (India, China), while Ukraine strikes two Russian refineries, tightening global oil supply and raising crude price risk.
Hormuz diplomatic progress vs military escalation
Iran and Oman are 'very close' to a deal on Hormuz shipping, but Iran conditions reopening on US concessions and compensation, while a new ADNOC tanker attack and IRGC demands keep the strait closed, sustaining oil price risk.
US Senate passes sweeping Russia sanctions bill allowing 100% tariffs on buyers of Russian oil (India, China), while Ukraine strikes two Russian refineries, tightening global oil supply and raising crude price risk.