WS #11847
Trump declares ceasefire over but talks continue; Iran closes door to dialogue; US demands Strait of Hormuz pledge; war-risk insurance rises; but US-Iraq-Syria plan to revive Kirkuk-Baniyas pipeline counters oil disruption thesis. IEA reports global oil demand set to decline for first time since 2020, but US gasoline use increased despite high prices; war-risk insurance for Hormuz shipping rises.
US-Iran Crisis Escalation and Pipeline Counter-Signal
Trump declares ceasefire over but talks continue; Iran closes door to dialogue; US demands Strait of Hormuz pledge; war-risk insurance rises; but US-Iraq-Syria plan to revive Kirkuk-Baniyas pipeline counters oil disruption thesis.
IEA reports global oil demand set to decline for first time since 2020, but US gasoline use increased despite high prices; war-risk insurance for Hormuz shipping rises.