WS #13720
Iran's Revolutionary Guards confirm the Strait of Hormuz will remain closed until the US meets all conditions, dashing hopes for near-term reopening and keeping oil prices elevated. Houthis claim drone strike on Saudi Aramco's Jazan refinery and attack Yemen's al-Makha port, escalating supply risk in the Red Sea and reinforcing bullish oil sentiment. US Senate passes Lindsey Graham Sanctioning Russia and Iran Act, potentially imposing 100% tariffs on buyers of Russian energy, tightening global oil markets.
Strait of Hormuz closure escalation
Iran's Revolutionary Guards confirm the Strait of Hormuz will remain closed until the US meets all conditions, dashing hopes for near-term reopening and keeping oil prices elevated.
Houthis claim drone strike on Saudi Aramco's Jazan refinery and attack Yemen's al-Makha port, escalating supply risk in the Red Sea and reinforcing bullish oil sentiment.
US Senate passes Lindsey Graham Sanctioning Russia and Iran Act, potentially imposing 100% tariffs on buyers of Russian energy, tightening global oil markets.