WS #11755
US and Iran exchange airstrikes, with Iran claiming attacks on US allies and Hormuz shipping disrupted, but oil prices ease ~2% as Trump signals potential deal, keeping the conflict narrative stable. Russia imposes a ban on diesel exports after Ukrainian drone strikes knock out up to 40% of refining capacity, tightening global fuel supply.
US-Iran Conflict Escalation and Oil Market
US and Iran exchange airstrikes, with Iran claiming attacks on US allies and Hormuz shipping disrupted, but oil prices ease ~2% as Trump signals potential deal, keeping the conflict narrative stable.
Russia imposes a ban on diesel exports after Ukrainian drone strikes knock out up to 40% of refining capacity, tightening global fuel supply.