WS #13976
Iran's IRGC announces offensive doctrine for US soil and reaffirms Hormuz blockade, while Ukrainian/Houthi strikes on refineries send diesel futures up 7.4%, keeping oil prices elevated and energy bullish. OPEC and IEA cut 2026 oil demand forecasts, and US crude inventories post largest weekly build since Jan 2023, capping crude price gains and dampening the energy rally.
Hormuz Escalation & Oil Supply Shock
Iran's IRGC announces offensive doctrine for US soil and reaffirms Hormuz blockade, while Ukrainian/Houthi strikes on refineries send diesel futures up 7.4%, keeping oil prices elevated and energy bullish.
OPEC and IEA cut 2026 oil demand forecasts, and US crude inventories post largest weekly build since Jan 2023, capping crude price gains and dampening the energy rally.