WS #11965
Trump announces reinstating Iranian blockade and 20% security fee on Hormuz cargo; Strait traffic down 52% WoW; Saudi grounds Iranian flight to Sanaa after airport strikes; Houthis accuse Saudi of attacking Sana'a airport; Russia's oil product exports fall 27% MoM due to drone attacks; economist warns oil could spike to $125 if hot war resumes. Dubai constructing new port to circumvent Hormuz; DP World discussing Fujairah terminal; Iran places Ahmadinejad under house arrest for alleged Israeli communications. FAA clears SpaceX to fly Starship again after booster failure in May; next flight as soon as July 16, carrying first third-gen Starlink satellites.
Strait of Hormuz Crisis Escalation
Trump announces reinstating Iranian blockade and 20% security fee on Hormuz cargo; Strait traffic down 52% WoW; Saudi grounds Iranian flight to Sanaa after airport strikes; Houthis accuse Saudi of attacking Sana'a airport; Russia's oil product exports fall 27% MoM due to drone attacks; economist warns oil could spike to $125 if hot war resumes.
Dubai constructing new port to circumvent Hormuz; DP World discussing Fujairah terminal; Iran places Ahmadinejad under house arrest for alleged Israeli communications.
FAA clears SpaceX to fly Starship again after booster failure in May; next flight as soon as July 16, carrying first third-gen Starlink satellites.