WS #11875
US demands Iran publicly open Strait of Hormuz; Oman and Qatar mediate talks in Muscat, discussing a 'median lane' compromise; Iran warns of forceful response if attacked. US gasoline prices rise 6 cents this week; global oil demand drops 1M bpd in 2026 due to Hormuz disruptions; shipping traffic through strait plummets.
US-Iran Hormuz Crisis Escalation and Talks
US demands Iran publicly open Strait of Hormuz; Oman and Qatar mediate talks in Muscat, discussing a 'median lane' compromise; Iran warns of forceful response if attacked.
US gasoline prices rise 6 cents this week; global oil demand drops 1M bpd in 2026 due to Hormuz disruptions; shipping traffic through strait plummets.