WS #13773
Unconfirmed reports of Iranian missile strike on a tanker off Oman in the US-backed southern Hormuz corridor, escalating the oil supply risk and supporting higher crude prices. Polymarket markets show active trading on US lifting Iranian blockade by mid-August, but Iran demands US meet conditions first; Trump signals patience, keeping oil prices elevated. Houthi drone attack on Saudi Aramco's Jazan refinery confirmed by Saudi authorities, adding supply-side risk to oil markets. Exxon links potential $80B Kashagan expansion to resolving $150B dispute with Kazakhstan, a significant potential supply addition.
Hormuz Tanker Attack Escalation
Unconfirmed reports of Iranian missile strike on a tanker off Oman in the US-backed southern Hormuz corridor, escalating the oil supply risk and supporting higher crude prices.
Polymarket markets show active trading on US lifting Iranian blockade by mid-August, but Iran demands US meet conditions first; Trump signals patience, keeping oil prices elevated.
Houthi drone attack on Saudi Aramco's Jazan refinery confirmed by Saudi authorities, adding supply-side risk to oil markets.
Exxon links potential $80B Kashagan expansion to resolving $150B dispute with Kazakhstan, a significant potential supply addition.