WS #11347
Iran's IRGC issued a new ultimatum threatening military response to any tanker deviating from designated routes in the Strait of Hormuz, re-escalating oil supply risk despite recent ceasefire framework. Brent crude fell to ~$71/barrel, below pre-conflict levels, as markets gain confidence in US-Iran peace framework; oil price decline reduces inflationary pressure but Iran's new ultimatum introduces uncertainty.
Iran Strait of Hormuz Ultimatum
Iran's IRGC issued a new ultimatum threatening military response to any tanker deviating from designated routes in the Strait of Hormuz, re-escalating oil supply risk despite recent ceasefire framework.
Brent crude fell to ~$71/barrel, below pre-conflict levels, as markets gain confidence in US-Iran peace framework; oil price decline reduces inflationary pressure but Iran's new ultimatum introduces uncertainty.