WS #11400
Medvedev reiterates Strait of Hormuz as Iran's 'nuclear weapon'; France deploys minehunters to clear the strait after US-Iran pact; oil shipments recover above 10 million bpd. Ukraine launched a large-scale drone attack on St. Petersburg's oil terminal and Baltic port of Vysotsk, hitting critical energy infrastructure and escalating the conflict. IEA data indicates the equivalent of 13 full days of global oil supply has been removed from the market, reinforcing supply tightness.
Strait of Hormuz and Iran tensions
Medvedev reiterates Strait of Hormuz as Iran's 'nuclear weapon'; France deploys minehunters to clear the strait after US-Iran pact; oil shipments recover above 10 million bpd.
Ukraine launched a large-scale drone attack on St. Petersburg's oil terminal and Baltic port of Vysotsk, hitting critical energy infrastructure and escalating the conflict.
IEA data indicates the equivalent of 13 full days of global oil supply has been removed from the market, reinforcing supply tightness.