WS #14062
Strait of Hormuz remains effectively closed with drone attacks on tankers, but traffic is picking up and Asian refiners are shifting to US crude; oil prices are recovering on supply concerns despite demand destruction. Trump imposes tariffs on drone imports (100% on sensitive, 25% on smaller, 15% on EU/Japan/Korea/Taiwan), boosting US drone manufacturers.
Hormuz blockade and oil market
Strait of Hormuz remains effectively closed with drone attacks on tankers, but traffic is picking up and Asian refiners are shifting to US crude; oil prices are recovering on supply concerns despite demand destruction.
Trump imposes tariffs on drone imports (100% on sensitive, 25% on smaller, 15% on EU/Japan/Korea/Taiwan), boosting US drone manufacturers.