WS #13831
US and Iran trade compensation demands, dimming prospects for a quick reopening of the Strait of Hormuz, driving oil prices up ~5% and pressuring equities. Ukraine drone strike on Russian refinery, Libya refinery explosion, and Ethiopia Tigray tensions add to geopolitical risk premium, supporting oil and safe-haven assets.
Hormuz Standoff Escalates
US and Iran trade compensation demands, dimming prospects for a quick reopening of the Strait of Hormuz, driving oil prices up ~5% and pressuring equities.
Ukraine drone strike on Russian refinery, Libya refinery explosion, and Ethiopia Tigray tensions add to geopolitical risk premium, supporting oil and safe-haven assets.