WS #11402
Ukrainian drones hit St. Petersburg oil terminal and Vysotsk port, disrupting one-third of Russia's refining capacity, escalating energy supply risks and bullish for oil prices. Strait of Hormuz reopens faster than expected; 35 tankers exit, Morgan Stanley cuts oil forecasts warning of glut, countering bullish oil thesis from Ukraine strike. US-Iran talks set for Pakistan on July 11; Iran warns Strait of Hormuz not a theater for military display; Khamenei funeral ongoing.
Ukraine drone strike on Russian oil infrastructure
Ukrainian drones hit St. Petersburg oil terminal and Vysotsk port, disrupting one-third of Russia's refining capacity, escalating energy supply risks and bullish for oil prices.
Strait of Hormuz reopens faster than expected; 35 tankers exit, Morgan Stanley cuts oil forecasts warning of glut, countering bullish oil thesis from Ukraine strike.
US-Iran talks set for Pakistan on July 11; Iran warns Strait of Hormuz not a theater for military display; Khamenei funeral ongoing.