WS #11963
Iran asserts control over Strait of Hormuz, US strikes escalate, oil prices spike 3.9%, shipping traffic drops to monthly low. DP World in talks to develop new port in Fujairah to bypass Strait of Hormuz, potentially offsetting oil supply disruption risk. Putin promises more powerful response to Ukraine's strikes, escalating geopolitical risk in Europe.
Strait of Hormuz escalation
Iran asserts control over Strait of Hormuz, US strikes escalate, oil prices spike 3.9%, shipping traffic drops to monthly low.
DP World in talks to develop new port in Fujairah to bypass Strait of Hormuz, potentially offsetting oil supply disruption risk.
Putin promises more powerful response to Ukraine's strikes, escalating geopolitical risk in Europe.