WS #11869
Iran rejects US ultimatum to reopen Strait of Hormuz, ceasefire collapses; Oman proposes dual-route plan but Iran insists on bilateral control; oil prices rise, European gas hits ~50 euros/MWh, Eni CEO warns of $100+ oil by Q1 2027.
US-Iran Strait of Hormuz Crisis Escalation
Iran rejects US ultimatum to reopen Strait of Hormuz, ceasefire collapses; Oman proposes dual-route plan but Iran insists on bilateral control; oil prices rise, European gas hits ~50 euros/MWh, Eni CEO warns of $100+ oil by Q1 2027.