WS #10955
Renewed US-Iran strikes over weekend push oil prices up >$1/bbl; shipping giant warns Strait of Hormuz chaos is 'new normal'; but Axios reports US and Iran agree to halt attacks and meet later this week. Ukraine continues heavy drone assault on Russian oil refineries, setting a major refinery ablaze; Putin admits fuel shortages.
US-Iran Military Escalation and Potential De-escalation
Renewed US-Iran strikes over weekend push oil prices up >$1/bbl; shipping giant warns Strait of Hormuz chaos is 'new normal'; but Axios reports US and Iran agree to halt attacks and meet later this week.
Ukraine continues heavy drone assault on Russian oil refineries, setting a major refinery ablaze; Putin admits fuel shortages.