WS #13810
Iran confirms Hormuz stays closed until US meets all conditions, plans transit fees; Trump demands compensation from Iran, escalating the standoff and pushing oil prices up ~3%. Ukrainian drone strike on TANECO refinery in Tatarstan kills 13, adding to Russian refining losses and supporting oil prices. OPEC output rose 1.17M bpd in July as Gulf states restore supplies; Kazakhstan reroutes oil exports to China/Russia after Ukrainian strikes, partially offsetting supply fears.
Strait of Hormuz closure escalation
Iran confirms Hormuz stays closed until US meets all conditions, plans transit fees; Trump demands compensation from Iran, escalating the standoff and pushing oil prices up ~3%.
Ukrainian drone strike on TANECO refinery in Tatarstan kills 13, adding to Russian refining losses and supporting oil prices.
OPEC output rose 1.17M bpd in July as Gulf states restore supplies; Kazakhstan reroutes oil exports to China/Russia after Ukrainian strikes, partially offsetting supply fears.