WS #14047
UAE accuses Iran of attacking two ADNOC vessels in the Strait of Hormuz, but oil prices fell as IEA slashed demand forecast and US crude inventories surged, indicating demand concerns outweigh supply disruption fears.
Hormuz escalation and oil market response
UAE accuses Iran of attacking two ADNOC vessels in the Strait of Hormuz, but oil prices fell as IEA slashed demand forecast and US crude inventories surged, indicating demand concerns outweigh supply disruption fears.