WS #11843
US demands Iran declare Strait of Hormuz open, Trump declares ceasefire over and threatens massive missile strikes, Iran's foreign minister arrives in Oman for talks, IEA expects first annual oil demand decline since 2020 due to the crisis. Ukrainian drone strikes hit Russian oil depots and refineries, Euronext wheat futures rose nearly 4% on Kerch Strait closure concerns, 28 ships damaged overnight, tightening global fuel supply and supporting oil prices.
US-Iran Strait of Hormuz crisis escalates
US demands Iran declare Strait of Hormuz open, Trump declares ceasefire over and threatens massive missile strikes, Iran's foreign minister arrives in Oman for talks, IEA expects first annual oil demand decline since 2020 due to the crisis.
Ukrainian drone strikes hit Russian oil depots and refineries, Euronext wheat futures rose nearly 4% on Kerch Strait closure concerns, 28 ships damaged overnight, tightening global fuel supply and supporting oil prices.