WS #13803
Iran refuses to reopen Hormuz until US meets six demands; oil prices surge (Brent >$86, WTI ~$80) and European gas jumps 8.9% to €60/MWh, with Hormuz traffic declining to six crossings. Ukrainian drone strike on Taneko refinery in Nizhnekamsk, Russia, kills at least 13, marking one of the deadliest attacks on Russian soil and escalating energy supply risks. US Strategic Petroleum Reserve fell by 6.1 million barrels to 298.7 million, lowest since 1983, signaling continued supply drawdown.
Strait of Hormuz Closure and Oil Price Surge
Iran refuses to reopen Hormuz until US meets six demands; oil prices surge (Brent >$86, WTI ~$80) and European gas jumps 8.9% to €60/MWh, with Hormuz traffic declining to six crossings.
Ukrainian drone strike on Taneko refinery in Nizhnekamsk, Russia, kills at least 13, marking one of the deadliest attacks on Russian soil and escalating energy supply risks.
US Strategic Petroleum Reserve fell by 6.1 million barrels to 298.7 million, lowest since 1983, signaling continued supply drawdown.