WS #13977
Iran reiterates Hormuz remains blocked until demands met, contradicting Trump's 'total control' claim; ship traffic remains minuscule, keeping energy risk premium elevated. Ukrainian drone strikes on Russian refinery and Houthi attacks on Saudi infrastructure tighten supply, while OPEC/IEA demand cuts and US inventory build cap crude gains.
Hormuz blockade escalation
Iran reiterates Hormuz remains blocked until demands met, contradicting Trump's 'total control' claim; ship traffic remains minuscule, keeping energy risk premium elevated.
Ukrainian drone strikes on Russian refinery and Houthi attacks on Saudi infrastructure tighten supply, while OPEC/IEA demand cuts and US inventory build cap crude gains.