WS #11387
Iran warns UK/France against military deployments in Strait of Hormuz, offers special transit conditions to China, and vessels are being turned back, escalating geopolitical risk for oil markets. Ukrainian drones continue to hit Russian energy infrastructure including St. Petersburg oil terminal, while NATO pledges €140B in military aid to Ukraine, escalating the conflict.
Strait of Hormuz crisis escalation
Iran warns UK/France against military deployments in Strait of Hormuz, offers special transit conditions to China, and vessels are being turned back, escalating geopolitical risk for oil markets.
Ukrainian drones continue to hit Russian energy infrastructure including St. Petersburg oil terminal, while NATO pledges €140B in military aid to Ukraine, escalating the conflict.