WS #13911
Strait of Hormuz remains closed with vessel traffic at one-week low; Brent near $90/bbl, Dubai crude up 10%, pressuring global energy markets and airlines. Ukraine suspends drone strikes on Russian oil tankers near Novorossiysk following US VP Vance's request, potentially easing Black Sea oil supply disruptions.
Hormuz closure and oil supply shock
Strait of Hormuz remains closed with vessel traffic at one-week low; Brent near $90/bbl, Dubai crude up 10%, pressuring global energy markets and airlines.
Ukraine suspends drone strikes on Russian oil tankers near Novorossiysk following US VP Vance's request, potentially easing Black Sea oil supply disruptions.