WS #14055
US shifts war goal to cheap oil while Iran claims full Hormuz control; oil steady near $87 Brent with US crude inventory build as counter-signal. Ukraine strikes major Russian refinery (Gazprom Neftekhim Salavat) and Ust-Luga port, denting Russian refining capacity and supporting oil prices.
US-Iran Hormuz standoff and oil supply
US shifts war goal to cheap oil while Iran claims full Hormuz control; oil steady near $87 Brent with US crude inventory build as counter-signal.
Ukraine strikes major Russian refinery (Gazprom Neftekhim Salavat) and Ust-Luga port, denting Russian refining capacity and supporting oil prices.