WS #14244
Strait of Hormuz tanker traffic nearly halted, Murban crude spikes 6.8%, US exports hit record as global buyers seek alternatives. Trump threatens to bomb Oman, claims backchannel with IRGC, and orders reduction in US-South Korea drills, escalating regional tensions.
Hormuz blockade and oil supply disruption
Strait of Hormuz tanker traffic nearly halted, Murban crude spikes 6.8%, US exports hit record as global buyers seek alternatives.
Trump threatens to bomb Oman, claims backchannel with IRGC, and orders reduction in US-South Korea drills, escalating regional tensions.