WS #13914
Iran's security chief says Hormuz stays closed until US meets conditions; oil prices rise for sixth day, shipping traffic at one-week low, IEA cuts demand forecast by 1.6M bpd. Drone strikes hit Zawiya power substation and refinery, threatening force majeure and adding to supply disruption.
Hormuz closure and oil supply disruption
Iran's security chief says Hormuz stays closed until US meets conditions; oil prices rise for sixth day, shipping traffic at one-week low, IEA cuts demand forecast by 1.6M bpd.
Drone strikes hit Zawiya power substation and refinery, threatening force majeure and adding to supply disruption.