WS #11333
Iran warns oil tankers to use approved routes in Strait of Hormuz or face 'forceful response', rejects France-Oman demining plan, escalating tensions despite ceasefire. Citigroup forecasts Brent crude could fall to $60/barrel by year-end as Strait of Hormuz flows normalize and fundamentals weaken.
Iran Strait of Hormuz Escalation
Iran warns oil tankers to use approved routes in Strait of Hormuz or face 'forceful response', rejects France-Oman demining plan, escalating tensions despite ceasefire.
Citigroup forecasts Brent crude could fall to $60/barrel by year-end as Strait of Hormuz flows normalize and fundamentals weaken.