WS #13937
Iran and US continue to escalate over Hormuz, with Iran denying ceasefire extension and Trump claiming total control, keeping oil prices elevated and geopolitical risk high. US crude inventories surge by 17.4M barrels, while Hormuz traffic hits one-week low and oil slick threatens Oman, keeping oil prices volatile.
Middle East Tensions and Hormuz Blockade
Iran and US continue to escalate over Hormuz, with Iran denying ceasefire extension and Trump claiming total control, keeping oil prices elevated and geopolitical risk high.
US crude inventories surge by 17.4M barrels, while Hormuz traffic hits one-week low and oil slick threatens Oman, keeping oil prices volatile.