WS #13941
Trump asserts total control over Hormuz and Iran vows war until 2029, escalating geopolitical risk and keeping oil prices elevated. Hormuz oil flows drop to 4.9M bpd, EIA expects disruptions through 2027, but OPEC cuts demand growth forecast, creating mixed oil outlook.
US-Iran Conflict Escalation
Trump asserts total control over Hormuz and Iran vows war until 2029, escalating geopolitical risk and keeping oil prices elevated.
Hormuz oil flows drop to 4.9M bpd, EIA expects disruptions through 2027, but OPEC cuts demand growth forecast, creating mixed oil outlook.