WS #13963
Iran rejects US claims of control over Hormuz, stating the strait remains blocked, while the IEA and OPEC cut oil demand forecasts due to the closure, reinforcing a bullish energy/bearish airline dynamic. Massive Ukrainian drone attacks on Russian oil infrastructure, including the Orsk refinery, add upward pressure on energy prices and escalate the conflict.
Strait of Hormuz Escalation
Iran rejects US claims of control over Hormuz, stating the strait remains blocked, while the IEA and OPEC cut oil demand forecasts due to the closure, reinforcing a bullish energy/bearish airline dynamic.
Massive Ukrainian drone attacks on Russian oil infrastructure, including the Orsk refinery, add upward pressure on energy prices and escalate the conflict.