WS #13828
Iran refuses to negotiate until Trump's term ends, oil reserves below 300M barrels, WTI expected above $82, and only 4% chance of Hormuz reopening by Aug 31 - all pointing to sustained supply disruption. Israel strikes Lebanon, Ukraine drone strike on Russian refinery, Russia bars anti-war party from elections - all contributing to geopolitical risk premium.
Strait of Hormuz Escalation
Iran refuses to negotiate until Trump's term ends, oil reserves below 300M barrels, WTI expected above $82, and only 4% chance of Hormuz reopening by Aug 31 - all pointing to sustained supply disruption.
Israel strikes Lebanon, Ukraine drone strike on Russian refinery, Russia bars anti-war party from elections - all contributing to geopolitical risk premium.