WS #11967
Trump announces reinstatement of naval blockade on Iran in Strait of Hormuz, charging 20% fee on all cargo, triggering 5% Brent crude jump and risk-off in equities. OPEC cuts 2026 global oil demand growth forecast to 780,000 bpd from 970,000 bpd, partially countering supply-driven oil price surge.
Strait of Hormuz blockade escalation
Trump announces reinstatement of naval blockade on Iran in Strait of Hormuz, charging 20% fee on all cargo, triggering 5% Brent crude jump and risk-off in equities.
OPEC cuts 2026 global oil demand growth forecast to 780,000 bpd from 970,000 bpd, partially countering supply-driven oil price surge.