WS #10651
Iran's IRGC Navy warned vessels must coordinate for Strait of Hormuz transit, and Brent crude fell $1 to $72.74 on supply pressure as tankers exit. Two powerful earthquakes (7.1-7.5) hit Venezuela, causing building collapses and likely casualties; potential impact on oil infrastructure and Chevron operations. Trump asked Congress for $87.6 billion, mostly for Iran war costs, facing uphill battle as conflict is unpopular.
Iran Strait of Hormuz Tensions
Iran's IRGC Navy warned vessels must coordinate for Strait of Hormuz transit, and Brent crude fell $1 to $72.74 on supply pressure as tankers exit.
Two powerful earthquakes (7.1-7.5) hit Venezuela, causing building collapses and likely casualties; potential impact on oil infrastructure and Chevron operations.
Trump asked Congress for $87.6 billion, mostly for Iran war costs, facing uphill battle as conflict is unpopular.