WS #11408
Ukrainian drones hit a major oil terminal in St. Petersburg and nearby port, escalating the conflict and deepening Russia's fuel crisis, bullish for oil prices and energy stocks. Eight vessels forced to reverse course near Strait of Hormuz; UK and France announce readiness to deploy multinational naval force, Iran warns of decisive response, adding to geopolitical risk premium for oil. Iraqi cabinet approves Basra Oil Co signing preliminary deal with consortium including Chevron for strategic pipeline projects, positive for CVX and Iraqi oil infrastructure.
Ukraine Drone Strikes on Russian Oil Infrastructure
Ukrainian drones hit a major oil terminal in St. Petersburg and nearby port, escalating the conflict and deepening Russia's fuel crisis, bullish for oil prices and energy stocks.
Eight vessels forced to reverse course near Strait of Hormuz; UK and France announce readiness to deploy multinational naval force, Iran warns of decisive response, adding to geopolitical risk premium for oil.
Iraqi cabinet approves Basra Oil Co signing preliminary deal with consortium including Chevron for strategic pipeline projects, positive for CVX and Iraqi oil infrastructure.