WS #14058
US threatens indefinite naval blockade of Iran; Iran asserts full control of Hormuz; ADNOC tankers attacked; shipping traffic falls; oil prices rise with IEA inventory drawdown. Trump imposes 100% tariffs on heavy drones and 25% on smaller ones, effective September 3, targeting China's DJI and potentially boosting domestic drone makers.
Hormuz blockade and oil supply disruption
US threatens indefinite naval blockade of Iran; Iran asserts full control of Hormuz; ADNOC tankers attacked; shipping traffic falls; oil prices rise with IEA inventory drawdown.
Trump imposes 100% tariffs on heavy drones and 25% on smaller ones, effective September 3, targeting China's DJI and potentially boosting domestic drone makers.