WS #13983
Iran and US continue to dispute control of the Strait of Hormuz, with traffic down ~90% and no progress on talks, keeping oil supply risk elevated. Ukrainian drones hit Gazprom's Salavat refinery and Wildberries hub, halting operations for up to six months, tightening Russian fuel supply. OPEC and IEA cut demand forecasts while US crude inventories surged 17.4M barrels, pressuring oil prices despite supply disruptions.
Hormuz blockade persists
Iran and US continue to dispute control of the Strait of Hormuz, with traffic down ~90% and no progress on talks, keeping oil supply risk elevated.
Ukrainian drones hit Gazprom's Salavat refinery and Wildberries hub, halting operations for up to six months, tightening Russian fuel supply.
OPEC and IEA cut demand forecasts while US crude inventories surged 17.4M barrels, pressuring oil prices despite supply disruptions.