WS #11969
Trump reinstates naval blockade of Iran and announces 20% fee on all cargo through Strait of Hormuz, escalating conflict and driving oil prices higher. Oil prices surge >4% on Strait of Hormuz tensions; OPEC cuts 2026 demand growth forecast to 780k bpd but raises 2027 forecast to 1.94M bpd. US State Department launches campaign to counter ICC, considering visa revocations and sanctions against the court.
US-Iran Strait of Hormuz Escalation
Trump reinstates naval blockade of Iran and announces 20% fee on all cargo through Strait of Hormuz, escalating conflict and driving oil prices higher.
Oil prices surge >4% on Strait of Hormuz tensions; OPEC cuts 2026 demand growth forecast to 780k bpd but raises 2027 forecast to 1.94M bpd.
US State Department launches campaign to counter ICC, considering visa revocations and sanctions against the court.