WS #13770
Iran formally demands six conditions for reopening Hormuz, ADNOC tanker attacked, traffic collapses to single digits, and oil prices surge on supply fears. Brent near $85, WTI near $79, futures up over $1/barrel on Hormuz uncertainty and Russia sanctions bill. US Senate passes bipartisan Russia sanctions bill allowing tariffs up to 100% on major buyers of Russian oil, raising supply disruption risk.
Hormuz blockade escalation
Iran formally demands six conditions for reopening Hormuz, ADNOC tanker attacked, traffic collapses to single digits, and oil prices surge on supply fears.
Brent near $85, WTI near $79, futures up over $1/barrel on Hormuz uncertainty and Russia sanctions bill.
US Senate passes bipartisan Russia sanctions bill allowing tariffs up to 100% on major buyers of Russian oil, raising supply disruption risk.