WS #10209
Iran has re-closed the Strait of Hormuz despite the peace deal, with ships requiring Iranian permission and mandatory insurance, escalating the crisis. Ukrainian drone strikes have halted operations at the Moscow oil refinery, adding upward pressure on oil prices. Iraq's Oil Ministry stated southern fields could return to 3 million bpd within 1-2 months, countering oil supply fears. US intelligence agencies have warned that Israeli PM Netanyahu is likely to take steps undermining Trump's Iran peace deal.
Iran Strait of Hormuz Escalation
Iran has re-closed the Strait of Hormuz despite the peace deal, with ships requiring Iranian permission and mandatory insurance, escalating the crisis.
Ukrainian drone strikes have halted operations at the Moscow oil refinery, adding upward pressure on oil prices.
Iraq's Oil Ministry stated southern fields could return to 3 million bpd within 1-2 months, countering oil supply fears.
US intelligence agencies have warned that Israeli PM Netanyahu is likely to take steps undermining Trump's Iran peace deal.