WS #11893
Iran closed Strait of Hormuz after attacking a container ship; US launched third round of strikes; private Iranian signals suggest willingness to resume talks, creating a mixed outlook. IEA head Birol warned of petrol and diesel supply crunch as Gulf oil flows drop from 24mn to 16mn barrels per day due to Middle East conflict.
Strait of Hormuz Escalation
Iran closed Strait of Hormuz after attacking a container ship; US launched third round of strikes; private Iranian signals suggest willingness to resume talks, creating a mixed outlook.
IEA head Birol warned of petrol and diesel supply crunch as Gulf oil flows drop from 24mn to 16mn barrels per day due to Middle East conflict.