WS #13675
Iran struck an ADNOC tanker in the Strait of Hormuz, while Iran and Oman are 'very close' to a deal on new transit routes, but Iran conditions reopening on US concessions, keeping oil prices volatile. US Senate passed a bill allowing 100% tariffs on countries buying Russian oil, targeting India and China, which could disrupt global energy trade and impact emerging markets.
Strait of Hormuz escalation and conditional reopening
Iran struck an ADNOC tanker in the Strait of Hormuz, while Iran and Oman are 'very close' to a deal on new transit routes, but Iran conditions reopening on US concessions, keeping oil prices volatile.
US Senate passed a bill allowing 100% tariffs on countries buying Russian oil, targeting India and China, which could disrupt global energy trade and impact emerging markets.