WS #13782
Iran sets new conditions for reopening Hormuz, oil prices rise ~1% (Brent $84.39, WTI $78.77), Houthi strikes on Saudi Aramco refinery add supply risk. US Senate passes bill allowing 100% tariffs on countries buying Russian oil, pressuring India and China and potentially raising global energy costs. Typhoon Dolphin causes over a million evacuations and record rainfall in Shanghai, disrupting transportation and potentially affecting regional supply chains.
Iran-Hormuz standoff and oil prices
Iran sets new conditions for reopening Hormuz, oil prices rise ~1% (Brent $84.39, WTI $78.77), Houthi strikes on Saudi Aramco refinery add supply risk.
US Senate passes bill allowing 100% tariffs on countries buying Russian oil, pressuring India and China and potentially raising global energy costs.
Typhoon Dolphin causes over a million evacuations and record rainfall in Shanghai, disrupting transportation and potentially affecting regional supply chains.