WS #13819
Iran demands sanctions relief, war reparations, and asset release before reopening Hormuz; Trump counters with compensation demands, escalating the standoff and pushing oil prices up over 5%. US SPR falls below 300M barrels (43-year low), Saudi Aramco delays Jazan refinery restart, and Libya's Zawiya oil depot fire add to supply concerns, supporting higher oil prices.
Strait of Hormuz Crisis Escalation
Iran demands sanctions relief, war reparations, and asset release before reopening Hormuz; Trump counters with compensation demands, escalating the standoff and pushing oil prices up over 5%.
US SPR falls below 300M barrels (43-year low), Saudi Aramco delays Jazan refinery restart, and Libya's Zawiya oil depot fire add to supply concerns, supporting higher oil prices.