WS #10904
US and Iran exchange strikes after drone attack on tanker in Strait of Hormuz, both sides accuse each other of violating ceasefire, escalating conflict risk. Ukraine confirms strikes on two Russian oil refineries (Slavyansk and Yaroslavl), causing fuel shortages and threatening Russian oil production. Iraqi Oil Minister wants OPEC to approve higher production quotas, aiming to increase output to 7M barrels per day, which could lower oil prices.
US-Iran Military Escalation
US and Iran exchange strikes after drone attack on tanker in Strait of Hormuz, both sides accuse each other of violating ceasefire, escalating conflict risk.
Ukraine confirms strikes on two Russian oil refineries (Slavyansk and Yaroslavl), causing fuel shortages and threatening Russian oil production.
Iraqi Oil Minister wants OPEC to approve higher production quotas, aiming to increase output to 7M barrels per day, which could lower oil prices.