WS #11603
Multiple ships, including a Qatari LNG tanker and a Saudi-flagged crude tanker, were struck by Iranian forces in the Strait of Hormuz, causing damage and fire, escalating tensions despite the US-Iran ceasefire. Ukrainian drones hit Russia's largest refinery in Omsk, causing a fire and damaging a key crude distillation unit, with Gazprom Neft shares falling 8.3% and one refinery expected to halt until 2027. Indian state-held refiners are considering buying Iranian crude if the US extends the waiver on Iran's oil sales, which could dampen the oil price spike.
Strait of Hormuz Attacks Escalate
Multiple ships, including a Qatari LNG tanker and a Saudi-flagged crude tanker, were struck by Iranian forces in the Strait of Hormuz, causing damage and fire, escalating tensions despite the US-Iran ceasefire.
Ukrainian drones hit Russia's largest refinery in Omsk, causing a fire and damaging a key crude distillation unit, with Gazprom Neft shares falling 8.3% and one refinery expected to halt until 2027.
Indian state-held refiners are considering buying Iranian crude if the US extends the waiver on Iran's oil sales, which could dampen the oil price spike.