WS #14306
Trump rules out extending Iran ceasefire and threatens Oman, US crude rises, Houthi missile alert in UAE, and Red Sea ship attack escalate Middle East tensions, supporting oil prices. EIA reports record US petroleum exports in April due to Hormuz disruptions, Jeff Currie warns of $170 diesel crisis, and carmakers seek to avert motor oil crisis, highlighting severe supply tightness.
US-Iran conflict escalation
Trump rules out extending Iran ceasefire and threatens Oman, US crude rises, Houthi missile alert in UAE, and Red Sea ship attack escalate Middle East tensions, supporting oil prices.
EIA reports record US petroleum exports in April due to Hormuz disruptions, Jeff Currie warns of $170 diesel crisis, and carmakers seek to avert motor oil crisis, highlighting severe supply tightness.