WS #14059
Iran maintains Hormuz is closed, US enforces indefinite blockade, two ADNOC tankers attacked, oil prices rise ~1% to $87.92 Brent, shipping traffic severely curtailed, and US VP Vance says keeping gas prices low is the war's number one goal. Ukrainian drones strike Russian oil refinery at Orsk (shut down for months) and Ust-Luga Baltic port (fire), while Russia hits Ukrainian railway and port facilities, intensifying the conflict and adding to global oil supply risks.
Strait of Hormuz closure and oil supply disruption
Iran maintains Hormuz is closed, US enforces indefinite blockade, two ADNOC tankers attacked, oil prices rise ~1% to $87.92 Brent, shipping traffic severely curtailed, and US VP Vance says keeping gas prices low is the war's number one goal.
Ukrainian drones strike Russian oil refinery at Orsk (shut down for months) and Ust-Luga Baltic port (fire), while Russia hits Ukrainian railway and port facilities, intensifying the conflict and adding to global oil supply risks.