WS #13935
US crude inventories surge 17.4M barrels, IEA cuts demand forecast, and Ukraine halts attacks on Russian oil infrastructure, all pressuring oil prices. Iran threatens to prolong war and strike US soil, while Trump asserts total control of Hormuz, keeping geopolitical risk elevated.
Oil Market Counter-Signals
US crude inventories surge 17.4M barrels, IEA cuts demand forecast, and Ukraine halts attacks on Russian oil infrastructure, all pressuring oil prices.
Iran threatens to prolong war and strike US soil, while Trump asserts total control of Hormuz, keeping geopolitical risk elevated.