WS #11848
Trump declares ceasefire over but agrees to talks; Iran admits ship attacks were a mistake; US demands Strait of Hormuz pledge; war-risk insurance rises; US-Iraq-Syria plan to revive Kirkuk-Baniyas pipeline as a counter-signal to bypass Hormuz. IEA reports global oil demand set to decline for first time since 2020, but US gasoline use spiked in Q2 despite 50% higher prices.
US-Iran Crisis Escalation and Pipeline Counter-Signal
Trump declares ceasefire over but agrees to talks; Iran admits ship attacks were a mistake; US demands Strait of Hormuz pledge; war-risk insurance rises; US-Iraq-Syria plan to revive Kirkuk-Baniyas pipeline as a counter-signal to bypass Hormuz.
IEA reports global oil demand set to decline for first time since 2020, but US gasoline use spiked in Q2 despite 50% higher prices.