WS #13780
Iran's IRGC reiterates it will not reopen the Strait of Hormuz until the US meets demands including war reparations, sanctions relief, and asset release; oil prices climb on uncertainty, with Brent up 1.09% to $84.46 and WTI up 0.78% to $78.79. Houthis claimed a drone strike on Saudi Aramco's Jazan refinery, adding to regional supply disruption risks and supporting oil prices. The US Senate passed a sweeping Russia and Iran sanctions bill, potentially impacting global energy trade and oil prices.
Iran-Hormuz standoff escalates
Iran's IRGC reiterates it will not reopen the Strait of Hormuz until the US meets demands including war reparations, sanctions relief, and asset release; oil prices climb on uncertainty, with Brent up 1.09% to $84.46 and WTI up 0.78% to $78.79.
Houthis claimed a drone strike on Saudi Aramco's Jazan refinery, adding to regional supply disruption risks and supporting oil prices.
The US Senate passed a sweeping Russia and Iran sanctions bill, potentially impacting global energy trade and oil prices.