WS #13836
US and Iran harden positions on Hormuz reopening, with Trump demanding compensation and Iran insisting on US reparations, driving oil prices up ~5% and keeping markets on edge. Third drone attack on Zawiya refinery prompts NOC force majeure threat, adding to global oil supply concerns and supporting crude prices.
Strait of Hormuz standoff escalates
US and Iran harden positions on Hormuz reopening, with Trump demanding compensation and Iran insisting on US reparations, driving oil prices up ~5% and keeping markets on edge.
Third drone attack on Zawiya refinery prompts NOC force majeure threat, adding to global oil supply concerns and supporting crude prices.